Savings Secured Loans
Savings Secured Loans are the perfect loan option to increase your credit no matter where you’re starting from.
For a quick, low-rate loan, use your savings as collateral! With a Savings Secured Loan, the money you already have on deposit is used as collateral, and you can borrow up to the amount you have in your savings with terms Up to 60 months.
All secured loans require collateral. For example, when you take out an auto loan, the car is used to secure the loan. The car is the collateral. Similarly, your home is considered the collateral when you get a mortgage or home equity loan.