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Share Secured Loan

When you need to make a purchase, but don't want to tap into your savings, a Secured Loan is a great option.  Because the loan is secured by funds you place on hold in a Savings or Certificate account, you can borrow at a much lower rate than with a traditional loan, while still earning interest on your deposit. The funds used as collateral for the loan are frozen in your account and released as the loan balance is paid down. A Secured Loan can also be a great way to build or repair your credit.

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Prefer to speak with a representative? We'd love to help you out! Give us a call at 860.828.2790 or schedule an appointment at our Meriden or New Britain branch.

Personal Loans
Loan Type Rates as low as*
Personal Loan (Unsecured) 8.99% APR
Secured Personal Loan (Share or Certificate) Current rate on account + 2.00% APR
Student Loan Consolidation 5.49% APR
Credit Builder Loan 9.00% APR (fixed)

Payment example: 60 month term personal loan at 8.99% APR = monthly payments of $20.75 per $1,000 borrowed. 

Funds in Individual Retirement Accounts cannot be used as collateral for a loan.