A share secured loan is a good option if you are looking to build, or repair, your credit or if you want to make a purchase without dipping into your savings. With this loan, you borrow against funds in a DCU savings account and receive a low, fixed-rate loan while still earning interest on your deposit.
Borrow any amount up to what you are willing to keep on hold in your deposit account
Terms from 6-60 months
2.50% Annual Percentage Rate
As you pay off principal on the loan, those amounts will be released from hold
If you are interested in a share secured loan, make sure funds equal to what you would like to borrow are in your account and then call our lending department (877.90.MYDCU) to submit a share secured loan application.