Share/Certificate Loan
Advia Credit Union's Share/Certificate Loan is a share secured loan that lets you borrow at a lower rate by using your own savings account or certificate of deposit (CD) as collateral. It's affordable financing that keeps your money working for you.
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What is a Share/Certificate Loan?
A Share/Certificate Loan is a type of savings secured loan that uses your savings account or certificate of deposit as collateral. Because you're borrowing against funds you already have, you qualify for a lower interest rate while maintaining access to your money after repayment. A share secured loan uses your savings account, and a CD secured loan uses your certificate of deposit (CD). Here's what to know:
- Secure your loan with a savings account or certificate of deposit
- Enjoy a low fixed rate with no application fee
- Choose terms up to 60 months, based on certificate length¹
- Access your funds in the account once the loan is repaid
- Example: If you use a certificate as collateral, you can borrow against it at a cd secured loan rate that's typically lower than an unsecured personal loan and then regain full access after repayment
Why get a Share/Certificate Loan?
Advia's Share/Certificate Loan is a great option for borrowers looking to save on interest while using funds they already have. Whether you need a share secured loan or a CD loan, you don't have to give up your long-term savings goals. Here's why it may be a great fit:
- Lower your interest rate, share secured loan rates are typically less than unsecured options
- Avoid application fees and high borrowing costs
- Your savings or certificate stays intact while you borrow
- Enjoy predictable monthly payments with a fixed rate
- Add peace of mind with optional Debt Protection
How a Share/Certificate Loan works.
Wondering how a share secured loan works? Here are simple steps to borrow at a lower rate using your savings.
Apply online for a Share or Certificate Loan and choose your savings or certificate as collateral
Your savings or certificate secures the loan, helping reduce your interest rate
Make fixed monthly payments over your chosen term
Once the loan is fully repaid, you regain full access to your savings or certificate balance, your money was working for you the whole time
Estimate your personal Share/Certificate Loan payment.
Advia's cd secured loan rates and share secured loan rates are designed to help you borrow for less. Use the calculator above to see what your monthly payment could look like.
The loan calculator is an estimation tool to help the user understand what it may take to pay back a theoretical loan. Not all terms provided by or entered into the loan calculator may be offered by the Credit Union. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, collateral conditions, and other factors. The loan calculator estimates are not loan quotes. They may or may not be representative of your personal circumstances. The estimate is not a guarantee for a loan. Not all borrowers or loans will be eligible for the interest rates. Subject to credit approval.
Ready to borrow at a lower rate using your savings?
Advia's Share/Certificate Loan is a secured loan from a credit union that puts your money to work with low fixed rates, no application fee, and terms up to 60 months.
Frequently Asked Questions
A Share Loan — also known as a share secured loan — is backed by your savings account. A Certificate Loan — also called a certificate secured loan or CD secured loan — is backed by a certificate of deposit. Both let you borrow at a lower rate using your own funds as collateral, and both report to help you manage your finances responsibly.
Your savings or certificate acts as collateral for the savings secured loan while it's active, so those funds are held until you're done. Once the loan is fully repaid, you regain full access to your money.
Because your savings or CD backs the loan as collateral, a CD loan or share loan carries less risk for the lender. Which means a lower interest rate for you. It's typically much less than what you'd pay on an unsecured personal loan.
Have questions about a Share/Certificate Loan?
- 12–60-month term based on the CD term. Fixed Annual Percentage Rate. No downpayment required. Estimated monthly payment for $10,000 loan for 48 months at 4.00% APR is $225.81. Loan rate is 2% above existing CD rate; however, rate cannot be lower than floor rate. A full payment is due monthly; cannot come from a Savings Pledge.
All loans subject to approval. Rates and terms may vary based on creditworthiness of borrower.