Share Secured Loans
NAPUS FCU allows you to borrow money without cashing in your certificate before maturity or sacrificing the dividends you earn on your savings. Borrowing against your own savings for any of your borrowing needs is the lowest cost loan available at NAPUS FCU. Welcome to the world of share-secured & certificate-secured loans.
Repayment terms are flexible and credit approval criteria are minimal. You will continue to earn dividends on your savings or certificates, and you’ll pay a low interest rate on your loan. Perfect for establishing or rebuilding credit, share and certificate secured loans are also ideal for providing your own financing at an extremely low rate while maintaining your savings balance.
About our Share Secured Loans
- Share or certificate account is used as collateral
- We loan up to 100% of the account balance
- Loan term up to 12 years
- The Annual Percentage Rate is fixed at just 3% above the rate the securing shares are earning
- Funds in the share or certificate continue to earn dividends
- The funds are held in the share or certificate account during the loan term. As the loan is paid down, your shares become available for use.
Login to Internet Teller and apply for a loan with our Secure Online Loan Application. Please call our representatives at 1-800-336-0284 with any questions. Calculate your loan payments with our Consumer Loan Calculators.
