Share Secured Loan

Overview

Save on your loan

Want to pay less interest on your loan? Try a SEFCU Share Secured Loan for some of our lowest loan rates.   

 

graph with money

Save on interest

Your collateral gets you a better rate.

Features & Benefits

Lower interest savings

  • Use your SEFCU Savings* or Share Certificate** balances as collateral
  • Borrow up to 100% of your share balance
  • Share continues to earn dividends
certificate

 


Rates

Current Rates

Percent Above Index APR as low as Minimum APR
1.50% Rate will vary according to current share dividend rate earned. See SEFCU Loan Officer for additional details. 1.50%
1.50% Rate will vary according to current share dividend rate earned. See SEFCU Loan Officer for additional details. 1.50%

Compare

See which is best for you

Share Secured Loan

  • Borrow up to 100% of your share balance
  • Fixed repayment schedule

 

Personal Loan

  • Borrow $500-$30,000
  • Fixed repayment schedule

Learn More


Apply Now

Apply for a SEFCU Share Secured Loan today

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Visit a branch near you

Call 800-727-3328

 

Financial Education

Calculator

Secured Loan

Our lowest loan rates

Borrow against your Primary Savings Account or Share Certificate

Continue to earn dividends

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View Secured Loans

More to think about...

* Annual Percentage Rate is variable and is based on the share dividend rate (index), set by the credit union, plus a margin at the time of the loan origination and is subject to change quarterly on the first day of January, April, July and October. Payment example: a share dividend rate of 0.30% plus a margin of 1.50% will equal an initial rate of 1.80%. For a $20,000 loan with a 60-month term, the initial payment would be $349.05 per month. Rates are subject to change without notice. Minimum $25 monthly payment.
** Annual Percentage Rate (APR) is fixed and is based upon the share certificate rate (index) plus a margin at the time of loan origination. This APR is fixed for the duration of the loan. Payment example: a share certificate rate of 1.00% plus a margin of 1.50% will equal a rate of 2.50%. For a $20,000.00 loan with a 60-month term, the initial payment would be $355.32 per month. Rates are subject to change without notice. Minimum $35 monthly payment.