A personal loan is ideal for turning dreams into reality. We offer a variety of secured personal loans that feature some of the lowest interest rates you'll find.

So what's the application process like? Well, we are going to have to ask some questions and check your credit. Nothing too personal. Just simple, first date kind of stuff. It's all part of SWACU's commitment to responsible lending, which rewards members like you with lower rates.

Details
  • Competitive interest rates
  • Personal service throughout life of loan
  • Flexible repayment terms
  • Option to payroll deduct your monthly payment
  • Payment protection available
  • Multiple types of secured loans available
  • Signature loans also available for qualified borrowers
  • Quick decision-making and processing
  • Attentive, friendly service from start to finish

Wondering how much your monthly payment would be? Check out this example: You borrow $20,000 at a rate of 1.9% and a term of 60 months. Your monthly payment would be $349.68.

Use our financial calculators to figure out a monthly payment for more scenarios.

Learn more about the types of secured personal loans we offer below.

Collateral Loans

Because they're backed by collateral such as a savings account or share certificate, secured loans often offer lower interest rates. Find out more about each type of secured loan and contact us with any questions.

Share Secured Loans

  • Our lowest interest rates
  • Your savings act as collateral
  • You still earn dividends on your savings
  • Builds great credit history
  • Can help rebuild bad or damaged credit
  • Smooth, easy application process
  • Fast, local decision making
  • Option to payroll deduct monthly payments
  • Payment protection available

Share Certificate Secured Loan

This option allows you to use your share certificate(s) to secure the loan funds. Qualified members may borrow up to 100% of their share certificates of deposit with SWACU.

The extra bonus here is that your share savings funds are then still completely accessible. And since you wouldn't be using your timed share certificate deposits anyway (as they are locked for the term), this is probably the best-case scenario: access to a completely secured loan without losing any liquidity.

Collateral Loans

  • Great low rates
  • Borrow up to the value of the collateral
  • Smooth, easy application process
  • Fast, local decision making
  • Option to payroll deduct monthly payments
  • Payment protection available

Example Repayment Term: 60 monthly payments of $349.51 for a $20,000 loan at 1.9%

We'd love to see you!