Share Secured Loan

Build Credit & Borrow Smarter

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!

A Share Secured Loan can be a great option for many reasons:

• Helps to build, re-build, or establish credit

• Offers you a lower loan rate

• Quick approval time

How Does It Work?

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. 

Benefits Of A Share Secured Loan

• Save your way to better credit & continue to earn dividends on your money

• Using your own funds for loan collateral

• Establish/build credit with low and manageable payments 

• You can choose a payment that is comfortable for you

Live Smarter

Let us help you finance smarter so you can focus on paying off a larger purchase, while saving your money and building credit. Get started with the application process today.

If you’re not ready to apply for a Share Secured Loan, and have questions, we are here to help. Call 315-735-8571 to talk about your options or make an appointment with one of our friendly and knowledgeable representatives today.