Looking for an inexpensive option to borrow? Need to re-build credit? A Share or Certificate Secured Loan is a great option! Here’s how it works:
- Use funds in your share (savings) account or CD as collateral for your loan
- Funds in your share account/CD are frozen and loan is disbursed at a great low rate
- As you repay the loan, your share account/CD funds become unfrozen
- Your deposits continue to earn interest!
Questions on how Secured Loans work? Give us a call at 914-526-4015, extension 4