IS A SHARE SECURED LOAN RIGHT FOR YOU?
Share secured loans are perfect for first time borrowers or those trying to repair their credit history. A share secured loan is one that uses the assets in a savings account as collateral for the loan. When you are approved for a secured loan, an amount in your savings account equal to the loan is frozen for the term of the loan. The money becomes available in your savings again as the loan is paid off.
Best of all share secured loan rates are typically very competitive, because the loan is secured. So, if you’re having trouble getting a low-rate personal loan, ask us about a share secured loan.