These loans are secured by either a share account or a certificate. This is an ideal account when you need cash, but want to hold on to your savings, and can be a great credit building tool.
You can save money with a great interest rate and develop your credit!
Current Share or Certificate Secured Loan Rates:
These rates are effective as of February 18, 2015.
|Type of Loan||Terms (months)||A Rate APR||B Rate APR||C Rate APR||D Rate APR||E Rate APR||R Rate APR|
|Shares Pledged||Shares - 100% of Balance||Any Term||6.50%||6.50%||6.50%||6.50%||6.50%||6.50%|
|CD - 100% of Balance
3% APR Rate Floor
|Term of CD||2.25% Over||2.25% Over||2.25% Over||2.25% Over||2.25% Over||2.25% Over|
* Loan Payment Example: at 4.99% APR for a 60 month term with 0% down, monthly payments are calculated at $18.87 per $1,000.00 borrowed. APR = Annual Percentage Rate. * Not all borrowers will qualify for the lowest APR or 0% down. All Loans Subject to Eligibility Requirements.
$25 minimum monthly payments apply. Any vehicles with 150,000+ miles have a maximum term of 36 months. (does not apply to diesel engine autos) Rates Subject to change without notice. Secured rates based on 100% Loan to Value - Rate Adjustment for > 100% Loan to Value & Mileage may apply.