The Share Secured Loan is a loan that is secured by the borrower's share account. A loan up to 100% of the share balance can be obtained immediately. Monthly payments can also be established to repay the loan. The maximum term for the loan payback period is usually 5 years, but can be negotiable based on the borrower's request and loan amount. The loan rate is set at a certain percentage. Please check our Share Secured Rates for that information.

If a share certificate is used as security, the loan rate is set as a certain percentage above the certificate rate. Please check our Certificate Secured Rates for that information. Should the certificate mature before the loan is paid off, the certificate can be renewed at the going rate for that term.

Additional advances can be made to a share pledged loan at anytime as long as the loan balance does not exceed the deposit account balance. More than one share account can be pledged at one time.