Go to main content OE Federal Credit Union

OE Federal Credit Union

login icon Online Banking

Maximize Your Savings with Personal Secured Loans!

Do you have no credit or your credit score is lower than you’d like? A Savings Secured Loan is perfect for you. Lock in lower rates when you set aside part of your savings as collateral. This loan will help you build or rebuild your credit in no time!

  • Loans from $500 to $50,000
  • Great for building or rebuilding credit
  • Repayment plan up to 60 months
  • Use savings as collateral
  • Fixed low rate

Benefits/Features

Build Credit

On-time payments help improve or establish your credit history over time.

Smart Credit Strategy

Borrow without dipping into your savings—great for responsible credit use.

No Spending Temptations

Your savings stay untouched and secure until the loan is paid off.

Earn While You Borrow

Your savings continue earning dividends—even while backing your loan.

Fixed Terms

Repayment terms up to 60 months with predictable monthly payments.

Use Again Later

Once repaid, your full savings become available to use or withdraw.

Borrow What You Save

Get a loan from $500 to $50,000 using your savings as collateral.

Title

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

 

 

Savings Secured Loan Rates

Will consolidating my debt into a new loan be beneficial?

With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan - perhaps a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.

Consolidated Loan Information

Current Debt Information

Debt Balance ($) Monthly Payment ($) Yearly Rate
(0% to 40%)
Credit card 1
Credit card 2
Credit card 3
Credit card 4
Auto loan 1
Auto loan 2
Boat/RV loan
Other loan 1
Other loan 2
Other loan 3

Loan TypeMaximum AmountMaximum TermAnnual Percentage Rate
Savings Secured $50,000 60 Months 3.00%
Certificate $50,000 60 Months 3.00% Above Certificate Rate

LOAN TYPE
Savings Secured and Certificate

MAXIMUM AMOUNT
$50,000, $50,000

Loan Payment Example:
Savings Secured: $17.97 per month per $1,000 borrowed at 3.00% APR for 60 months
Certificate: $17.97 per month $1,000 borrowed at 3.00% APR for 60 months

Information accurate as of April 1, 2025.

Savings Secured Loans Questions

Go to main navigation