Leverage your assets for lower rates.
Use your vehicle, savings account, or property to secure the funds you need. Enjoy significantly lower interest rates, higher borrowing limits, and more lenient credit requirements.
The Secured Advantage
- Lower Interest Rates: Backing your loan with collateral drastically reduces risk, meaning we pass the savings directly to you.
- Higher Approval Odds: Less-than-perfect credit? Collateral makes it much easier to get approved.
- Flexible Collateral: We accept a wide range of assets, including cars, RVs, certificates of deposit (CDs), and savings accounts.
"I couldn't get a good rate anywhere until I used my paid-off car as collateral. Saved me thousands in interest."
- James R., Verified Borrower
Check Secured Loan Rates
See how much you qualify for in minutes. No commitment required.
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How Does a Secured Loan Work?
A secured loan minimizes risk for the lender, which maximizes benefits for you. You simply pledge an asset you already own as a guarantee to access better financial terms.
Identify Collateral
Choose the asset you want to pledge. This is commonly a vehicle with a clear title, a savings account, a CD, or home equity.
Get Appraised
We will evaluate the current market value of your collateral. Your loan amount is typically based on a percentage of this assessed value.
Receive Funds
Once approved, you receive the cash in a lump sum. You retain full use of your asset (like driving your car) while you repay the loan.
Repay & Release
Make fixed monthly payments. Once the loan balance is paid in full, our lien on your asset is released immediately.
Secured vs. Unsecured Financing
See how leveraging your assets can provide a distinct financial advantage over traditional borrowing methods.
| Feature | Secured Loan | Unsecured Loan | Credit Cards |
|---|---|---|---|
| Collateral Required? | Yes | No | No |
| Average Interest Rates | Low | Moderate to High | Highest |
| Credit Score Needed | Lenient (Fair/Poor) | Strict (Good/Excellent) | Moderate |
| Borrowing Limits | High (Based on asset value) | Lower (Based purely on income) | Lowest |
Interest Savings Calculator
Compare estimated payments and see exactly how much money you could save in interest by choosing a Secured Loan.
Loan Parameters
Estimator Assumptions:
Secured Rate: ~7.5% APR
Unsecured Rate: ~16.0% APR
Your Potential Savings
Secured Payment
$466 /mo
Unsecured Payment
$527 /mo
Total Interest Saved Over Loan Life
$2,196
Submit the form at the top of the page to lock in your exact rate based on your collateral.
*This calculator provides estimates for educational purposes using average national interest rates. It does not constitute an offer. Actual rates will vary based on credit history, the type of collateral, and the loan-to-value ratio.
Frequently Asked Questions
Common questions about obtaining a Secured Personal Loan.
What happens to my collateral while I'm paying off the loan?
If you use a vehicle or physical asset as collateral, you typically get to keep and use it normally. The lender simply holds the title or places a lien on the asset. Once the loan is paid off, the lien is removed.
Will I lose my asset?
You only risk losing your collateral if you default on the loan (i.e., stop making payments for an extended period). As long as you make your agreed-upon monthly payments, your asset remains yours.
Can a secured loan help me rebuild my credit?
Absolutely. Because secured loans are easier to get with poor credit, they are an excellent tool for credit building. Making consistent, on-time monthly payments is reported to the credit bureaus and can significantly improve your credit score over time.