Share Secured Loan

A Share Secured Loan allows you to borrow money using the balance in your PPCU share savings account as collateral. The amount that is equivalent to the amount you borrow is frozen in your share savings account and continues to earn dividends. As you pay down the loan, the money becomes available in your share account. 

Advantages of a Share Secured Loan

  • This option can be helpful if you have poor or no credit history. It builds positive payment history and therefore helps establish or improve your credit record
  • You may borrow up to $100,000
  • Offers a lower rate than a personal loan or line of credit – currently as low as 4.99% APR.
  • A Longer Term  120 months  gives you more flexibility
  • Take advantage of discounts – receive a 0.25% rate discount when you have a Secure Checking or Silver Express account


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