Share Secured Loan

Overview

Save on your loan

Want to pay less interest on your loan? Try a SEFCU Share Secured Loan for some of our lowest loan rates.   

 

 graph with money

Save on interest

Your collateral gets you a better rate.

Features & Benefits

Lower interest savings

  • Use your SEFCU Savings* or Share Certificate** balances as collateral
  • Borrow up to 100% of your share balance
  • Share continues to earn dividends
 certificate

 

Rates

Current Rates

Index Percent Above Index Current APR
Current Primary Share dividend rate 0.70% 0.85%
Your current Certificate Dividend rate 0.70% Rate depends on your current Certificate dividend rate

Compare

See which is best for you

Share Secured Loan

  • Borrow up to 100% of your share balance
  • Fixed repayment schedule

 

Personal Loan

  • Borrow $500-$25,000
  • Fixed repayment schedule

Learn More

Apply Now

Apply for a SEFCU Share Secured Loan today

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View documentation required for your loan application

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Call 800-727-3328

Financial Education

Calculator

Secured Loan

Our lowest loan rates

Borrow against your Primary Savings Account or Share Certificate

Continue to earn dividends

 

View Secured Loans

More to think about...

Online Loan Payments

Online loan payments

Pay your SEFCU loan from an account at another financial institution from your phone, tablet, or computer

Products, services, terms, and conditions are subject to change without notice. All loans are subject to creditworthiness. SEFCU membership is required.
* Annual Percentage Rate is variable and is based on the share dividend rate (index), set by the credit union, plus a margin at the time of the loan origination. After the account is open, rates are subject to change quarterly, on the first day of January, April, July and October and will be determined based on the share dividend rate in effect 45 days prior. Rate may increase after consummation.
Payment example: a share dividend rate of 0.15% plus a margin of 0.70% will equal an initial rate of 0.85%. For a $20,000 loan with a 60-month term, the initial payment would be $340.70 per month. Rates are subject to change without notice.  
** Annual Percentage Rate (APR) is fixed and is based upon the share certificate rate (index) plus a margin at the time of loan origination. This APR is fixed for the duration of the loan. Payment example: a share certificate rate of 3.00% plus a margin of 0.70% will equal a rate of 3.70%. For a $20,000.00 loan with a 60-month term, the initial payment would be $366.15 per month. Rates are subject to change without notice.