What are the benefits of a CD Secured Loan?

The benefits of a CD Secured Loan include

Lower Interest Rates: Because the loan is secured by your CD, the interest rates are typically lower than those of unsecured loans.
Credit Building: A CD Secured Loan can help you build or improve your credit score through consistent, on-time payments.
Preservation of Savings: You can access loan funds without breaking your CD and continue to earn interest on it.

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Calculator Disclaimer Personal Loan Rate

The monthly payment at 8.490% APR for a term of 12 months would require payments of approximately $87.22/month, per $1,000 borrowed. APR=Annual Percentage Rate, subject to change. Rate is based on individual creditworthiness and term of the loan. The use of this calculator does not imply nor guarantee loan terms nor approval of financing.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. People Driven Credit Union does not guarantee their applicability or accuracy in regards to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Member-only Discount Rewards

Accidental Death & Dismemberment Insurance – PDCU provides $2,000 coverage to members 18-69 for free but op-in is required. Members receive discounts on additional supplemental coverage.