Share Secured Loan
Achieve Your Financial Goals with Share Secured Loans
At Palmetto Health Credit Union, we understand the importance of building a strong financial foundation. If you’re looking for a convenient and quick way to establish or rebuild credit, our share secured loans provide a smart solution.
How Share Secured Loans Work
A share-secured loan uses the assets in your savings or certificate accounts as collateral to secure a personal loan. When you take out a share-secured loan, the amount in your savings or certificate, equal to your current loan balance, is frozen and becomes available as the loan is paid off.
Benefits of a Share Secured Loan
Can help you establish or re-build credit
Favorable interest rates
Quicker and easier approval
Can still earn interest on your savings account balance
Can be used for any purpose: debt consolidation, emergency expenses, home improvements, and more
If you’re ready to take advantage of the benefits of share secured loans, contact our dedicated team at (803) 978-2101 or begin your application online.