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Low cost and guaranteed approval are two attractive features of a savings secured loan. Use your Share Savings account or any North Shore Federal Term Share Certificate as collateral and pay only 2% above what you are earning on the deposit product.

Key Benefits

  • Guaranteed approval.
  • Immediate access to loan proceeds.
  • Excellent method to establish good credit history.

 

 

 

 

Did You Know?
You may have another member's (with their permission) Share Savings or Certificate secure your Savings Secured Loan.

Money Tip:
If saving money is a challenge, but making loan payments is not, use a Savings Secured loan to finance important purchases.  When the loan is paid, you will still have your Savings balance.  Then take the amount of the loan payment for the Saving Secured loan and "pay" it to yourself monthly, which will build a good savings habit.