Use your savings account or certificate of deposit as collateral
Don't drain your savings
Savings Secured Personal Loan
Borrow what you need at a low rate, while keeping your savings intact.
Current preferred rate over your savings rate — check with an advisor
Apply online →Savings Secured Personal Loan
Don't drain your savings
It's important to keep a reserve in your savings account for emergencies and purchases. When you're ready to make a purchase, you can secure the loan with your deposits at a lower rate than an unsecured personal loan.
Keep earning dividends on your deposit
Lower interest rate than an unsecured personal loan
Ideal for building or repairing your credit history
Apply online
Complete the form below and an advisor will get in touch with you.
Loan calculator
The loan amount, interest rate, and term have a significant effect on the total you'll pay. Use the calculator to see the impact of each variable.
Savings secured loan calculator
El monto, la tasa de interés y el plazo del préstamo afectan de forma importante el total que pagarás. Usa esta calculadora para estimar tu cuota.
Resultado estimado
—
- Total de intereses
- —
- Total a pagar
- —
Esta calculadora es solo informativa: no constituye una oferta de crédito ni garantiza una aprobación. Las tasas y condiciones reales dependen de la evaluación crediticia de cada socio.
Frequently asked questions about the Savings Secured Personal Loan
What is a Savings Secured Personal Loan?
It's a loan that offers a low rate because it's backed by your savings deposit or certificate of deposit as collateral.
How long does it take to get a decision?
Your application is reviewed within a few business days. The time may vary if we need additional information from you.
How do I receive my loan funds?
The funds are deposited into the account you designate, or a check is sent to the requested address.
Is there a minimum or maximum loan amount?
Yes, there is a minimum loan amount, and the maximum amount depends on what you hold in your savings account. Check with an advisor for details.