Share Secured Loans

Do you want a loan with one of the lowest interest rates possible?

Share secured loans are one of the best kept secrets of lending.

A Share Secured Loan is a great way for you to build you credit reporting history.  You may borrow up to all of the money you have in your Savings Account or in your Certificate of Deposit Account.  The rate is only 2% over whatever your dividend payment rate is.  Call us today to see how this loan can be of help to you.

How does it work?

You pledge your funds that are at N.G.H. Credit Union, either in a savings account or share certificate, as collateral for the loan and you get the best of both worlds – money you borrow at a lower interest rate while still earning dividends on your pledged funds!

Benefits of a Share Secured Loan from N.G.H. Credit Union

  • Low monthly payments
  • Fixed rate – lock in a low rate for the loan term
  • Flexible loan terms up to 36 months
  • No pre-payment penalty
  • Payment protection insurance available
  • Helps establish or rebuild credit
  • Maintain funds on deposit
  • Best of all, when the loan is paid off, you have your savings still intact…plus interest!

Enjoy a low interest rate

The loan rate is 2% higher than the interest you are currently earning on your savings account or share certificate depending on the loan term. For more information on loan rates and terms, contact the credit union.