Secured Loans
A secured loan is a great resource for anyone who is looking for a loan to:
- Establish credit
- Re-establish credit, or
- Find an alternative to depleting a savings account
The security for the loan usually comes from funds already in a share account or term certificate.
Key Features
- Low rate of 3.0% above your current share, or term certificate (CD) rate
- Terms: up to 60 months for share-secured, or the term of certificate for certificate-secured
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