Certificate of Deposit Secured Loans

Why not build a balance while you borrow? These loans are backed by a St. Mary’s CD — so you can save with every payment.

Key Features

  • Secured by CDs
  • Favorable Rates
  • No Credit Check Required
  • Improves Credit
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  • Enjoy secure, personal financing that’s backed by your savings
  • Includes a lower rate than standard personal loans
  • Certificate is used as collateral for the loan
  • Money in certificate becomes available as you make loan payments
  • No credit check required
  • Simplified, standardized repayment terms
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish
  • Maximum loan amount is $250,000
  • The principal balance in the certificate must be equal to or greater than 105% of the balance of the loan
  • Fixed rate of interest at 2.50%APR above the Certificate dividend rate with AutoPay discount, 3.00%APR above the Certificate dividend rate with coupon book
  • As payments are made on the loan, the money in the certificate becomes liquid
  • Repayment period of 5 years or the term of the certificate, whichever is less, for loans paid monthly
  • Repayment period of the term of the certificate or 1 year for single payment loans
  • Rates and Terms are subject to change at any time without notice.
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