share secured loan

build credit without giving up your savings.

Want to establish credit, improve your credit score, or borrow with confidence? A Bridgeway Share Secured Loan lets you use the money already in your savings account as collateral, making it a great option for building credit while keeping your savings intact.

Perks You’ll Love:

• Easier approval since the loan is secured by your savings
• Lower interest rates than many unsecured loans
• Opportunity to build or rebuild your credit with on-time payments
• Continue earning dividends on your pledged savings*
• Keep ownership of your savings while your loan is active

How It Works:

• Use the funds in your Bridgeway savings account as collateral
• Borrow up to the amount you’ve pledged
• Make regular monthly payments
• Once the loan is paid off, the hold on your savings is released

How Does It Work? Here’s an Example:

Let’s say you have $2,000 in your Bridgeway Savings Account, but you want to build your credit history without spending your savings.

• You take out a $2,000 Share Secured Loan.
• The $2,000 in your savings account is placed on hold as collateral.
• You receive the $2,000 loan proceeds to use as needed.
• You make your monthly loan payments just like any other loan.
• As long as payments are made on time, you can build or strengthen your credit history.
• Once the loan is paid in full, the hold on your savings is removed and the full $2,000 becomes available to you again.

Think of it this way: you’re borrowing against your own savings while creating a positive credit history.

Ready to put your savings to work? Ask us about a Share Secured Loan today!

All loans are subject to approval. Terms and conditions may apply.