Share Secured Loan
Use the funds in your savings account to secure a loan while continuing to earn dividends.
A Share Secured Loan is a type of loan where your savings account serves as collateral. This means you can borrow money against your savings while your funds remain on deposit and continue to earn dividends until the loan is paid in full. Because the loan is secured, it often comes with lower rates and can help build or improve your credit.
Great for building or improving credit while keeping your savings safe and earning dividends.
Call us today to learn more.
Rates as low as 2.5% APR*
*APR = Annual Percentage Rate. Rates as low as 2.5% APR are based on creditworthiness and may vary. Final rate is determined by credit profile, loan term, and other underwriting factors. Not all applicants will qualify for the lowest rate.
Share Secured Loan Requirements
All of the following are required:
- Completed loan application
- Experian credit report – $10.00 fee
- Verification of income
- Sufficient funds in savings account
- Based on credit status