Secured Personal Loans

Build credit with a secured loan

Features & Benefits

Build Credit

Build & improve your credit with straightforward solutions.
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A Secured Personal Loan can help you build credit with on-time payments, setting you up to earn better rates on future loans.

What is a Secured Personal Loan?

A secured loan means you must pledge collateral when you apply. For this loan, that pledge is a deposit in either a qualifying Share or Certificate of Deposit (CD).1

How does a Secured Personal Loan work?

The easiest way to think of a Secured Personal Loan is as a loan to yourself. For example, if you pledge $500 in a collateral deposit, you will receive a $500 loan in return. Your payment activity is then reported to the credit bureaus over the life of your loan. Once your loan is paid-in-full, your collateral deposit is returned to you.

Remember, unlike a traditional personal loan, a secured loan is meant to help you build credit, even if you have no credit or imperfect credit.

Rates, Terms & Payments

With rates low rates and flexible terms, you have options for finding the perfect monthly payment for your budget.

Share Secured Loan

Term Months APR1
Up to 363.00% above existing deposit rate
Effective Date: August 18, 2022

Certificate Secured Loan

Term Months APR1
Up to Certificate Maturity Date3.00% above existing deposit rate
Effective Date: August 18, 2022

Apply for a Secured Personal Loan Today!

Member Story

"Prime succeeds where most banks fail with their great member service, minimal fees, excellent loan rates and their loan processing team."

Membership eligibility is required. Rate(s) effective as of date indicated by table.
1 Individual Retirement Accounts, Christmas Clubs, Money Markets and Checking Accounts cannot be pledged as collateral. Maximum loan amount 100% of share or certificate.
2 APR=Annual Percentage Rate.