Secured Personal Loans

Looking to establish credit or need cash for an unexpected purchase? A personal secured loan from Nassau Financial Federal Credit Union may be the answer. Secured personal loans are guaranteed or secured by money in your personal savings or certificate account. This is an attractive loan option for many as it provides a low-risk way to obtain money needed for home or car repairs or any sudden financial need.

 

What You Need to Know About Secured Personal Loans

An attractive aspect of personal secured loans is you continue to earn interest on the money you have pledged as collateral for the loan.

Also, a secured loan is a great way to establish credit if you have never had a loan or credit history. Repaying a secured loan as agreed helps you build a strong credit profile.

The application process for a personal secured loan is simple, straightforward and quick. Your Nassau Financial Federal Credit Union Personal Service Representative can answer questions you may have and help you get started right away. Visit a branch, call us at 516-742-4900, or use the link below to apply.

If you have funds in your Nassau Financial Savings or Certificate Account to pledge as security for a loan, this option may work for you.

  • Borrow up to the amount of available funds*.
  • Continue to earn dividends on funds securing the loan balance.

*All Personal Loans subject to approval.

Request a Loan     Rates