Cash Secured Loan
Borrow against your savings with our lowest rate.
Secured
Personal
Key Details
Interest Rate
5%
Maximum Amount
Based on savings balance
Maximum Term
10 years
✓ Interest charged on reducing balance
Who It's For
- Members with substantial savings seeking low-cost borrowing
- Those wanting to maintain savings while accessing funds
- Individuals building or rebuilding credit
What You'll Need
General Requirements:
- Must be a member of MCCU
- Necessary shares as per policy
- Valid picture identification
- Good lending history with the credit union
- Income verification (salary slips or financial statements)
- Completed External Credit Reports (available in Forms & Reports section)
Quick Payment Estimator
Disclaimer: This is an estimate only. Actual payments may vary based on loan terms, additional fees, and MCCU's lending policy. Contact MCCU to confirm actual rates and terms.
Important Information:
- All rates, amounts, and terms are subject to change without notice.
- Loan approvals are based on MCCU's lending policy and creditworthiness assessment.
- Additional fees and charges may apply.
- Contact MCCU at 1-767-445-7155/7166 or info@marigotcreditunion.com to confirm current rates and terms.