Secured Personal Loan
Consolidate debts, enjoy the vacation of your dreams, or make home improvements with a secured personal loan. To apply, you can use your savings account or a Certificate of Deposit as collateral. The collateral lowers the interest rate on the loan, while it covers your debt in case you cannot pay for it in the future. When you finish paying your loan, the collateral and accrued interests are released.
You can choose between two options of secured personal loans:
Secured personal loan offers you:
- Amounts from $2,000 up to 100% of the balance in the account offered as guarantee
- 12-120 months terms, depending on the amount
- APR staring in 6.95%1
- 0.25% discount for using Direct Payment
- Earn interests on the loan guarantee
Subject to credit approval. Certain conditions apply.
1Base rate starting from 6.95%, minimum 6.70 APR%. Example: a $5,000 loan at 6.70% APR for 72 months will have a monthly payment of $84.53. Discounts: 6.70% APR includes discount of 0.25% when you sign up for PagoDirecto.