If you have a savings account or certificate of deposit (CD) with Family Federal Savings, you can use it as collateral for your loan. You’ll get immediate access to the loan proceeds and never have to use your savings. Plus, you will keep earning interest on your deposit balance.
Benefits of a Collateral Loan:
- Simple application
- Immediate funding – usually the same day
- Guaranteed approval
- No fees
- Continue to earn interest on your deposit balance