Share Secured Loans
Need access to your deposits at SWSFCU but don’t want to disturb your hard-earned nest egg? Want to begin building a responsible credit history?
A Share Secured Loan is a perfect way to bridge the gap! Simply use the funds in your deposit account as collateral and pay a fixed low rate above your investment rate. You’ll also:
- Continue to earn interest on your deposit
- Enjoy a variety of repayment options
- Have the flexibility to pay off your loan early, without penalty
There are no fees and the low cost loyalty pricing can make it a very attractive option.
- Term: Up to 120 months
- Rate: 3% over share dividend rate
- Maximum amount financed: based on shares available