Secured Loan
while building your credit.
Build your credit without the risk.
Whether you’re a first-time borrower or you’re looking to build credit, our Secured Loan is a great option to get the cash you need by borrowing against your deposit balance.
It’s time to bet on you.
At First Entertainment, we know how hard it is to secure a loan with fluctuating income. That’s why we’ve designed an option to help you afford what you need, at no additional cost or debt to you.
Accessible funding
Secured loans1 are typically more accessible to borrowers with a lower credit score or limited credit history. The collateral mitigates some lending risks, making it easier to obtain financing.
Potential tax benefits
In certain situations, the interest paid on secured loans, such as mortgage or home equity loans, may be tax-deductible. Consult with a tax professional.
Lower monthly payments
Secured loans often come with longer repayment terms that result in lower monthly payments, making it easier to manage your cash flow and budget.
Get the best rate.
|
Loan |
APR* |
Maximum Financed |
Maximum Term |
|---|---|---|---|
|
*Annual Percentage Rate ‡ Term dependent upon loan amount. |
|||
|
Loan Savings Secured |
APR* Variable rate 3% above First500 Savings Base Rate |
Maximum Financed 100% of Deposit |
Maximum Term 5 Years‡ |
|
Loan Certificate Secured |
APR* 3% above Certificate Rate |
Maximum Financed 90% Certificate |
Maximum Term 60 months or certificate maturity; whichever is less |
Apply for a Secured Loan today.
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Disclosures
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All Loans are subject to credit approval, not all members will qualify. If loan request is for over $5,000 and the Account is less than six months old, the funds must be on deposit for a minimum of 90 days prior to the loan.