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Savings Secured Loans

Low interest rates and quick access to needed funds– borrowing doesn’t get any easier!

Already have an First Commercial Bank, N.A (USA) savings account or CD? Look into a Savings Secured loan for easy borrowing. We’ll use your Statement Savings account or CD as collateral for repayment, and you’ll enjoy interest rates that are lower than what you’d get with a credit card.

The highlights:

• Fast processing — funds may be available the next business day
• Low, fixed interest rate
• Earn interest on your deposit account, even as you use it as collateral
• Borrow up to 90% of your available balance

The details:

• Statement Savings account as collateral — rates are 2.5% over current savings account rate
• CD* as collateral — rates are 3.0% over the CD rate
• Minimum Loan Amount: $1,000
• Fees: $50 document preparation fee