Secure a loan with your Global Savings or Certificate Account for a more affordable rate.
With a secured personal loan, you can get the cash you need to finance big projects or unexpected expenses. Or, you can use your loan to consolidate other debts and simplify your monthly payments.
If you don’t want to spend your savings, you can still get the cash you need.
When you secure a loan with your Global savings account or certificate account, you get a better rate—and you continue to earn dividends on your savings.
In most cases, we can make a decision on your loan application in under 24 hours. In some cases, we may need to ask you for more details, and then the process takes a little longer.
You’ll need to provide the following information on your loan application:
In some cases, we may ask for additional information after you submit your application.
With a secured loan, we use the money in your Global Credit Union Savings or Certificate Account as collateral for your loan. This means that if you can’t make your loan payments, we will use the money in your Savings or Certificate Account to pay back the loan.
Because they are secured by collateral, secured loans typically have lower interest rates that unsecured loans.
If you’ve had credit problems, you may have difficulty qualifying for an unsecured loan. Secured loans are easier to qualify for than unsecured loans because the money in your Global savings or certificate account acts as a collateral for your loan.
Taking out a secured loan and making all of your payments on time can help you rebuild your credit, establish a positive credit history, and improve your credit score.
To apply for a secured personal loan, you need to have a Global Savings or Certificate Account, which acts as collateral for your loan. If you don’t have a Global Savings or Certificate Account, you can apply for an unsecured personal loan, or you can become a member and open a Global Savings or Certificate Account.
You could save money by transferring your credit card balance to a new card.
Building credit can be tricky, especially if you don’t have a credit history.
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Whether it’s in a branch or over the phone, you’ll always talk to a real person.
1Interest rate is dependent upon the credit qualifications of the borrower(s). Rates are subject to change at any time for any reason. See our rates page for full details.