Leverage Your Own Savings for Credit & Dividends

Did you know that you can borrow money from yourself, while building good credit and earning dividends? Sounds too good to be true? Well, you can! With a Share Secured Loan.

Just like you can build up equity in your home to borrow against, you can also build up equity in your savings account to borrow against. Your own money, that you’ve saved and may not want to use for a bigger purchase, can be used as collateral for a loan.

How It Works

A hold is placed on the amount you’d like to borrow. That amount will not be available for withdrawal until the loan is paid back. However, the funds remain in your account and continue to earn dividends. The hold will release funds with each payment made so you don’t need to wait to access some funds until the loan is paid in full. As you make your payments on time and as agreed, a share-secured loan can help you build positive credit history.

Interested In Learning More?

Visit our Share Secured Loan page.

Live Smarter

If you're considering whether a Share Secured Loan is right for you or if you have any questions, don't hesitate to reach out to our friendly Financial Service Representatives. Call us at 315-735-8571 to speak to one of our representatives or schedule an appointment online today.

Bring This Session To A Live Setting

If you would like to schedule our Community Educator for a seminar or workshop for any Financial Friday educational topic, please email your request to FinancialEducation@fsource.org