What is a Share Secured Loan you ask? This is a loan that you put the collateral up to secure the loan. Funds are used from your share account or share certificate when securing a Share Secured Loan. If you have last minute expenses or an unforeseen emergency expense that you do not want to deplete your nest egg for you may use these funds for collateral to secure a loan for these situations.
Share secured loans are very flexible and may be used for many different types of expenses or purchases. These loans qualify for a low rate due to the collateral and the nature in which the loan is secured.