How does a share secured loan work?
A share secured loan offers low rates, flexibility, and quick approval. Here’s how it works: you use your existing AFFCU share certificate or savings as collateral for your loan. Continue to earn interest and leave your savings untouched, while still having extra cash at hand. Plus, you won’t need to bother with a credit check or lengthy approval process.
- Quick approval; no credit check required
- The lowest rate with flexible payment options
- Borrow up to 100% of your account balance
- Great for building or repairing credit
"With the expert help of the credit union representative, I was able to make my dream a reality and I can’t thank AFFCU enough.”John Hooper, member since 2014Apply online
Fill out an online application and get approved fast.Apply Now
Major Life Transactions Interactive Lessons
Learn how to better manage some major financial decisions that may come your way. Our AFFCU Financial Education Center is here to help.GET STARTED
Type Share Secured RateRates Effective as of: 09-17-2019
Term APR1 Monthly Payment2 6 to 60 months 1.5% above the pledged share dividend rate $17.31 Apply Today
1 APR = Annual Percentage Rate as of April 16, 2018 and subject to change at any time without notice. Membership eligibility required.
2 Monthly payment is based on payment per $1,000 for term and rate shown above. For share secured loans, estimated monthly payment per $1,000 borrowed at 1.5% APR for 60 months is $17.31.
- Monthly payment required