A share secured loan lets you borrow up to 100% of the balance in your savings account, while you continue to earn interest. Funds must remain on deposit and will not be available for withdrawal, but will continue to earn dividends. The annual percentage rate (APR) is calculated by adding a percentage to your savings APY.
- Personal loans secured by your savings, money market or certificates
- Use for a variety of purposes including debt consolidation
- Low rate – just 4.00% APR while earning dividends on UDCU account the loan is secured by
- Flexible terms up to 120 months
|Maximum Terms||Amount Financed||APR Interest Rate||120 months||90% of unencumbered shares||4.50%|