A Share Secured Loan from CBI FCU is a good idea if you’re looking to build or rebuild your credit. If you do not want to deplete all of your savings on a large expense, we have just the loan. A share secured loan uses the money you have on deposit in a Share Savings or Term Share Certificate to be used as collateral. We pledge the money on your deposit and as you make monthly payments the pledge decreases, and you earn a great dividend on the money pledged and pay a low interest rate on the money borrowed. Our share secured loan can be the right solution for you.
- Lower Interest Rate
- Flexible terms- up to 60 months
- Borrow up to 100% of the balance in your Share Saving Account
- No Fees
- No credit qualifications required