Consumer loans provide you a greater flexibility with your household budget in allowing you to purchase large retail items or even restructure your monthly budget. You may use the proceeds from your loan for any purpose. Most consumer loans are made for the purpose of purchasing an automobile, boat, or ATV's. The Bank of Ruston provides you even greater flexibility by allowing you to repay these loans in either a single payment or monthly installments to match your income budget. The length of a consumer loan varies depending on the purpose and loan amount.