Young Family with child laughing at the beach

"Secured" Loans Means Collateral

When you take out a secured loan, you’re asked to put up collateral. It’s extra incentive for you to pay it back, and extra assurance to the lender that you will.

Collateral can be your house for home loans, or your car for auto loans. It can even be funds in your savings account for a Share Secured Loan.

Both Types Can Help Build Your Credit

There’s another benefit to secured and unsecured loans, besides getting access to funds. Making all your payments on time can help build or re-build your credit score (which you can check anytime in your Affinity Plus mobile banking app or online banking).

They Can Earn You Rewards, Too

When you take out Affinity Plus consumer loans (some of which are secured), you can earn MyPlus Rewards™ points for gift cards, travel with no blackout dates, and more. You can also earn points by taking out mortgages (first or second) and HELOCs (home equity lines of credit).