Share/Certificate Secured Loan

Borrow against your savings to get the loan you need.

Your interest rate will be lower than most credit cards

Here's how a Share/Certificate Secured Loan could help you bank better:

  • Ideal option if you need to build or re-establish credit and you’ve been denied a loan elsewhere
  • Your savings continue to earn dividends while you use your loan
  • No income or employment verification required
  • No secured loan application fees or closing costs
  • When your loan is paid off, your savings become available to you again
  • This loan is eligible for an annual Loyalty Bonus payout 

Just the Facts

Consolidate Debt

  • Combine unsecured debts into one loan with a lower interest rate
  • Pay off your unpaid medical bills
  • Consolidate all of your credit card balances into one payment

Make Various Repairs

  • Utilize your loan for a home improvement project or any needed repairs
  • Finance your car repair costs
  • Use it for unexpected repairs and projects
Adjustable-Rate Mortgage
Adjustable-Rate Mortgage
Apply for this flexible home loan if you plan on paying it off, refinancing or moving before the rate adjusts.

I was able to buy my first home on my own without using all of my savings.
Margaret H.

Frequently Asked Questions

Share secured loans allow you to borrow against your own savings or certificate, using it as collateral. Instead of liquidating your account to make a purchase, thus losing out on all dividends and an emergency safety net, you borrow against that sum while your money stays in the account.

Coastal will place a hold on the amount you want to borrow against. If you are approved for the loan, you’ll be granted the amount you requested in the form of a check or a deposit into your share account. You can make payments on the loan through an automatic withdrawal from your account, via direct deposit or by sending in a monthly check.

Borrowers with damaged or no credit, who may not otherwise qualify for a loan, stand to gain the most from these loans.  This is an ideal option to build or re-establish credit.Borrowers with damaged or no credit, who may not otherwise qualify for a loan, stand to gain the most from these loans.  This is an ideal option to build or re-establish credit.

No.  There are no application fees or closing costs on share secured loans.

All loans are subject to approval. Interest accrues daily. 

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