A Share Secured Loan can offer a lower rate than other types of loans because it uses funds in a savings account — either a share account, share certificate account or money market account — as collateral for your loan.
With a Share Secured Loan:
- Funds borrowed can be used for virtually anything
- Collateral from your share account qualifies you for a lower rate than an unsecured loan
- Flexible terms to better fit your financial situation
- Maximum loans are based on deposit
- You continue to earn dividends on the full balance in your account
Open a Share Secured Loan today!
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Electronic Loan Signature
CAFCU offers an option to sign loan documents electronically with DocuSign.
