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​Why should I request a secured loan?

Some of the reasons why a secured loan might be right for you are:

  • Immediate funding, often by the next business day.
  • Preserve savings. You can continue earning interest on your savings and avoid early withdrawal penalties on your Share Certificate.
  • Builds credit. If you have bad credit or no credit at all, these loans can help you build credit.
  • Lower interest rate. You will get a lower annual percentage rate than a regular non-secured personal loan.