SHARED SECURED LOANS
Building your Financial Future.
A shared secure loan allows you to use assets like a savings account or certificate of deposit (CD) as collateral to secure a loan. This arrangement enables borrowers to access funds at lower interest rates than unsecured loans.
For those aiming to build or enhance their credit, shared secure loans present a strategic opportunity to achieve financial goals while leveraging valuable assets. Embrace this option to pave the way for a brighter economic future!
SHARED SECURED LOAN RATES
| Description | Max Term | APR* as low as |
|---|---|---|
| Share Secured | 60 Months | 5.00%* |
| Certificate Secured** | CD Rate +2% (minimum 5%). Term does not exceed remaining term on CD. |
*APR is Annual Percentage Rate. All rates are subject to change without notice. Other rates available may be higher based on risk-based lending policy. Other terms & conditions may apply. Rates are subject to change without notice.
For loans which are approved, the rate is determined by the borrower’s credit rating and may be as low as the rates above. We reserve the right to match any competitor’s rates.
Terms are calculated in months.
** A Share Certificate Secured loan cannot exceed term of certificate used for collateral. Loan rate is equal to the certificate rate plus 2%; minimum rate of 5%.