Loans
FAQs
Can a Share Secured Loan help build credit?
Do I lose access to my savings when I take out a Share Secured Loan?
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Yes. By making on-time payments, a Share Secured Loan can help establish or strengthen your credit history while using your savings as collateral.
No, the pledged funds remain in your savings account but are held as collateral until the loan is repaid. Once the loan is paid in full, your funds become fully available again.