Patelco Credit Union offers secured savings loans. As the name would suggest, the 澳洲幸运5官方开奖结果体彩网:collateral backing the loan is your Patelco savings account. A major benefit of this product is that the lender permits borrowing up to 100% of your savings balance. You can take out as little as $300, and there’s no specified maximum, so borrowers can really tailor a specific loan amount to suit their needs. This does come with the drawback of having only one option for collateral, and you need to s☂ave up for the amount of money that you want to borrow.

Even by secured loan standards, Patelco’s are exceptionally affordable. Its starting annual percentage rate (APR) is the lowest of any lender on this list, and it also doesn’t levy 澳洲幸运5官方开奖结果体彩网:origination fees. And while its maximum repayment term is a little on the shorter side, the minimum term is just six months, which would save you a great deal on interest payments. This affordability does come with the catch that you must join the credit union, but Patelco membership has many perks, including partner discounts, educational resources, and personalized assistance.

Founded in 1936, Patelco is headquartered in Dublin, California, and has 36 additional offices in the Northern California area.

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When you apply for an auto-secured loan from Upgrade, the car’s value will be considered while your loan request is being evaluated. If you’re approved, you’ll then be asked to provide your 澳洲幸运5官方开奖结果体彩网:car’s title to finalize the loan, and you’ll be given a discount on your interest rate. You can also get additional discounts by enrolling in autopay and using at least part of your loan funds to pay off existing debt.

Upgrade also offers another option that’s useful for borrowers with poor credit: joint applications. This allows you to apply with another person; both of you are responsible for repaying the loan, and both of your credit scores are taken into account, which can help you get a better rate. If you do apply for an Upgrade loan, it’s worth submitting a joint appl꧑ication (and getting every discount you can), as the high maximum APR and origination fees still make them fairly pricey.

Founded in 2017, Upgrade’s headquarters is located in San Francisco. The lender also has additional offices in Phoenix; Atlanta; Orange County, California; and Montreal.

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If you own a car, truck, motorcycle, boat, RV, or trailer, you can get a secured loan from OneMain Financial. The vehicle must be insured, and it will also need to be appraised to determine whether it's of sufficient value. You can also get a secured loan from this lender to refinance existing debt, though larger loan amounts will require that the collateral be less than 10 years old.

OneMain Financial’s secured loans also have the benefit of being easier for borrowers with poor credit to qualify for. While it doesn’t list a minimum score requirement, the lender is dedicated to serving non-prime borrowers. The lender also doesn’t permit joint applications, but 澳洲幸运5官方开奖结果体彩网:pre-qualification is available, so you can check whether you’ll qualify without fear of a 澳洲幸运5官方开奖结果体彩网:hard inquiry. All that said, OneMain Financial’s 18% minimum ♏APR is as high as other lenders' maximums, and the origination fee added on top of that makes this a fairly expensive option.

OneMain Financial, which was originally founded in 1912 as Commercial Credit Company, is headquartered in Baltimore. It has an additional 1,300 branches spread across 44 states.

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You must complete a loan application and continue to meet any criteria used to select you for a loan offer. Not all applicants are approved. Loan approval and actual loan terms depend on applicant’s state of residence and ability to meet OneMain Financial credit standards such as a responsible credit history, sufficient income after monthly expenses, and if applicable, availability of eligible collateral. Not all approved applicants qualify for larger loan amounts, lower APRs, or the most favorable loan terms. For example, larger loan amounts typically require a first lien on a motor vehicle that is no more than ten years old, meets our value requirements, and is titled in applicant’s name with valid insurance. APRs are generally higher on loans not secured by a vehicle. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07. OneMain charges origination fees allowed by law. Depending on the state where the loan is opened, the origination fee may be either a flat amount or a percentage of the loan amount. Flat fees vary by state, ranging from $25 to $500. Percentage-based fees vary by state, ranging from 1% to 10% of the loan amount subject to certain state limits on the fee amount. For information about these fees and minimum and maximum loan sizes available in certain states, visit . Current OneMain Customers: Loan offers presented to a consumer assume the individual has no active loan with OneMain or one of its affiliates. If a customer applies for a new loan offer, a OneMain representative will discuss available options. Active-duty military, their spouse or dependents covered by the Military Lending Act (MLA) may not pledge any vehicle as collateral. If you are covered by the MLA, you are not eligible for secured loans.Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes. Time to Fund Loans: Funding within one hour after loan closing through SpeedFunds® must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after closing.

There’s a lot to like about Best Egg’s secured loans. Instead of using your home as collateral, you can use the fixtures within it, such as built-in cabinets, light fixtures, and bathroom vanities. Alternatively, you can put your vehicle down as collateral and borrow up to 250% of its value, to a maximum amount of $100,000. The lender’s auto-secured loan has a minimum loan amount of $2,000, an APR range of 10.99%–29.99%, and offers repayment terms of 24 to 84 months.

On top of that, homeowners can qualify for an average rate discount of 20%. Even with its maximum APR and origination fee of 35.99% and 9.99%, respectively, you can still save a great deal with this lender. The biggest downside of its secured loan for homeowners is perhaps that selling your home will cause the loan to become due in full. Fortunately, you can pay off your loan during the closing process, so long as there are sufficient proceeds.

Founded in 2014, Best Egg is headquartered in Wilmington, Delaware.

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First Tech Credit Union’s secured stock loan allows you to borrow up to 75% of your stock’s value, maxing out at a whopping $1 million. The stock must be listed on the New York Stock Exchange (NYSE), the NYSE American, or the Nasdaq. This product has a minimum loan amount and APR of $25,000 and 8.49%, respectively, but it also has a maximum repayment term of 12 years. While certainly an expensive option, the cost is somewhat offset by the lender not levying any origination fees, annual fees, or pre-payment penalties.

If you don’t need to borrow more than $500,000, then First Tech has two other types of secured loans that are more affordable. Both the certificate-secured and savings-secured loans have minimum APRs of 3% (plus the respective account’s rate), and you can borrow at least $500 and up to $500,000. The savings-secured loan’s maximum repayment term is 96 months, while the certificate-secured loan’s term can be up to its maturity date. Just keep in mind that you’ll only be able to borrow as much as you already have in the account.

First Tech was founded in 1952 and is headquartered in Hillsboro, Oregon.

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