Share Secured Loans
You may borrow money using your Belco deposit account as collateral for the loan. These loans are very easy to obtain since they are not dependent on your credit score. Some members may choose to use this type of loan to help improve their credit score.
- Borrow against your Belco certificate or savings account
- Approval of this loan is not based on your credit history
- Rate is based upon the share rate plus a 2.00% margin
- Loans secured by a savings account are limited to a 60 month term
- Other restrictions may apply
Contact us today to review your specific circumstances.