Secured Loans

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A personal loan is ideal for turning dreams into reality. We offer a variety of secured personal loans that feature some of the lowest interest rates you'll find.

So what's the application process like? Well, we are going to have to ask some questions and check your credit. Nothing too personal. Just simple, first date kind of stuff. It's all part of SWACU's commitment to responsible lending, which rewards members like you with lower rates.

Rates

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Competitive interest rates
Personal service throughout life of loan
Flexible repayment terms
Loan Protection
Option to payroll deduct your monthly payment
Payment protection available
Multiple types of secured loans available
Signature loans also available for qualified borrowers
Quick decision-making and processing
Attentive, friendly service from start to finish

Wondering how much your monthly payment would be? Check out this example: You borrow $20,000 at a rate of 1.9% and a term of 60 months. Your monthly payment would be $349.68.

Use our financial calculators to figure out a monthly payment for more scenarios.

Learn more about the types of secured personal loans we offer below.

collateral loans

Because they're backed by collateral such as a savings account or share certificate, secured loans often offer lower interest rates. Find out more about each type of secured loan and contact us with any questions.

Share Secured Loans

Our lowest interest rates
Your savings act as collateral
You still earn dividends on your savings
Builds great credit history
Can help rebuild bad or damaged credit
Smooth, easy application process
Fast, local decision making
Option to payroll deduct monthly payments
Payment protection available

Share Certificate Secured Loan

This option allows you to use your share certificate(s) to secure the loan funds. Qualified members may borrow up to 100% of their share certificates of deposit with SWACU.

The extra bonus here is that your share savings funds are then still completely accessible. And since you wouldn't be using your timed share certificate deposits anyway (as they are locked for the term), this is probably the best-case scenario: access to a completely secured loan without losing any liquidity.