Secured Loans
You’ve been disciplined and stuck by a savings plan. You even have a nice amount in your savings account or Share Certificate. Houston Police Credit Union makes it easy for you get the loan you want without having to withdraw anything from your savings account or Share Certificate to make a big purchase.
Savings
Savings Secured
A savings secured loan is perfect for members who want to establish or rebuild their credit because you borrow against what you already have on deposit in your savings account. Best of all, you still earn interest on the money in your savings!
- Borrow up to 100% of what’s on deposit in your savings account
- No annual fees or pre-payment penalties
- Great low rates
- Flexible terms of up to 120 months
- Keep earning interest on your savings account funds
To find out more about our savings secured loan or to become a member, visit any of our branches or give us a call, today!
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Share Certificate
Share Certificate Secured
A Share Certificate secured loan is similar to our savings secured loan, but instead of borrowing against what’s in your savings account, you borrow against what’s on deposit in your Share Certificate.
This loan is always great for members who want to establish, build or rebuild credit. This type of loan is very low risk, so it offers low interest rates.
- Borrow up to 100% of the Share Certificate
- No annual fees or pre-payment penalties
- Great low rates
- Flexible terms up to the term of the Share Certificate
- Keep earning interest on your Share Certificate funds
To find out more about our Share Certificate secured loan or to become a member, visit any of our branches or give us a call, today!
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APR = Annual Percentage Rate. All loans subject to credit approval. Variable APR personal, comaker, line of credit, savings secured and Share Certificate secured loans are subject to change based upon changes in the following index: the average of the next three (3) auction average rates quoted on a bank discount basis for 26 week treasury bills issued by the United States Government, as published by the Federal Reserve Board for the week in which the rate is contracted for, beginning 60 days prior to the date of change. Upon a minimum 45-day advance notice, adjustable APR credit cards are subject to change based on market conditions. Variable APR HELOC loans are subject to change with the market based on the Prime Rate. Certain credit criteria, terms and restrictions apply. Rates are based on a combination of credit score, the eligible term selected, collateral and other lending criteria. Credit score will be established by TransUnion FICO 9. Rates, terms and conditions are subject to change without notice. For more information, please contact Houston Police Credit Union at 713.986.0200 or 800.927.8707.
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