Secured Loans |
Loan
Resources
|
CD Secured Loans-
Use your certificate of deposit as security for a
loan and borrow at 2% APR above your certificate interest rate. If
you use several certificates to secure one loan, the higher CD
interest rate will be used to determine the loan interest rate.
Share Secured Loans-
Use your regular savings to secure your loan and
save on the interest on your loans. As your loan decreases the
amount held in shares to secure the balance also decreases. Share
secured loans allow you to borrow at a reduced interest rate.