A CD secured loan can be a valuable resource if you seek quick access to funds but would like to avoid tapping into your savings. By using your Urban Partnership Bank Certificate of Deposit as collateral for a loan, you can access funds at a lower interest rate than is generally available through unsecured credit products. You’ll also find that the application process and disbursement of funds is quick and hassle-free!
- Fixed terms of up to 5 years to match the terms of your Urban Partnership Bank CD
- Alternative to high interest unsecured credit products, like credit cards
- Gain access to funds without spending your savings
- Quick access to funds possibly as soon as the following business day
We offer two loan types to meet your needs:
- CD Secured – Consumer Installment Loan
- Fixed interest rate
- Loan amounts* of $1,000 to $50,000
- Fully amortizing payments
- CD Secured – Line of Credit
- Variable interest rate
- Loan amounts* of $1,000 to $250,000
- Interest only payments
- Borrow what you need, when you need it (as long as you stay below your maximum credit limit)
*Proof of income is required on higher loan amounts.