Secured Loans

New furniture on the horizon? Car repairs? Get the funds you need now while keeping your cash stash.

Share Secured Loans

You've been building your rainy day fund, but the hot water heater needs replaced, your car is due for a big repair and - of course, it always happens in threes - unexpected medical expenses are looming. Cover these costs while keeping your savings balance with a share secured loan.

You borrow an amount up to the total dollars of available balance in your Meritrust savings account. Once you've paid off the loan in its entirety, you have access to the full amount of your savings account balance.


Share Certificate (CD) Secured Loan

Ahh, warm beaches and palm trees. The perfect spontaneous vacation awaits. All you need now are the funds to set it in stone, but as a responsible saver, your toes-in-the-sand savings is currently in a long-term CD. With Meritrust's CD Secured Loan, you get the cash you need and you're on your way to sunshine and relaxation.

You borrow an amount up to the total dollars of available balance in your Meritrust CD. Once your loan is paid off, your CD funds become available upon maturity in entirety.

Features:

  • You'll get our everyday low rates and terms.
  • Most loans can be processed in about an hour.
  • There are no prepayment penalties if you pay off the loan early.
  • You can set up convenient payroll deduction or automatic payments.
  • Credit life and credit disability payment protection are available for a low fee.