A Share-Secured Loan can offer a lower rate than other types of loans because it uses funds in a savings account — either a share account, share certificate account or money market account — as collateral for your loan. These loans are the perfect way to build or rebuild your credit!
Money can be pledged from any GCU share savings account or a GCU certificate to secure the loan. You get an extremely low rate on your loan, you don’t have to spend your savings, and when you make regular on-time payments, you build good credit history.
- Pledged funds are put on hold and become available for withdrawal as the loan principal decreases.
- Fixed or variable rate options available.
- Share-Secured VISA® credit cards also available.
Interested in a personal loan?
Visit one of our branches or submit an online request, below.