A Share Secured Loan is a good idea if you're looking to build your credit or you need to make a necessary purchase but don't want to dip into your savings. With a Share Secured Loan you borrow against your savings at East County Schools and receive a low-rate loan, while still earning dividends on the amount you have on deposit!

• You can borrow up to 100% of the balance in your Share Savings Account
• No fees
• Share Savings funds will remain on deposit and will continue to earn dividends, but will not be available for withdrawal. As the balance is repaid, the funds become available for use
• Flexible terms - up to 120 months
• $500 minimum loan
• APR (annual percentage rate) is determined by adding 3% to the current Savings Rate