SECURED PERSONAL LOANS
LOW, FIXED RATES WITH A FLEXIBLE REPAYMENT SCHEDULE
Borrow at an affordable rate when you use your Certificate or Savings account as collateral.
GET A GREAT RATE AND CONTINUE TO EARN DIVIDENDS
With a secured personal loan, you use the balance in your Savings or Certificate Account as collateral, so you get a better rate than with many other loans. And you’ll continue to earn dividends on your savings or certificate balance, so it’s a win-win.
- Fixed, competitive interest rates—your rate is fixed at 3.00% APR1 over the rate for the account you’re using for collateral
- Convenient early payoff option with no prepayment penalty
- Make weekly, bi-weekly, or monthly payments
- Debt Protection coverage is available to protect your vehicle and your finances
IT'S EASY TO APPLY
Our simple, three-step application makes it easy to apply online for a personal loan or line of credit. Just tell us what kind of loan or line of credit you’re looking for and fill in your details, and then we’ll get in touch to discuss your options.
SECURED PERSONAL LOAN FAQs
A secured personal loan can help you build your credit if you make all of your payments on time, because your payment history factors into your credit score.
However, it’s important to make sure that the loan fits into your budget. If you miss any of your loan payments, that can negatively affect your credit and leave you in a worse situation.
No, you can only use the balances in your Certificate or Savings accounts as collateral for a secured personal loan.
No, we don’t check your credit when you apply for a secured personal loan. However, we do usually check your credit for other types of personal loans and lines of credit.
EXPLORE OUR LOANS AND CREDIT CARDS
Personal Lines of Credit
Borrow the money you need as you need it, at a fixed, competitive rate, up to your maximum limit. You only pay interest on the amount you borrow.
Vehicle Loans
Get a loan for just about any type of vehicle, from new and used cars, trucks, and SUVs to motorcycles, RVs, and boats.
Credit Cards
With three great options to choose from, you can pick the Visa® Credit Card that's best for you.
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1Annual Percentage Rate
Deposits held in Money Market accounts and IRAs are not eligible to be offered as collateral.
All loans are subject to approval. Rates, terms, and conditions are subject to change.
Membership eligibility is required. Must be a Silver State Schools Credit Union member to borrow. Membership at SSSCU requires a savings account with a minimum balance of $25.00.
