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Share-Secured Loans

Secured Loans

Borrow money against your own savings, get a low rate, and enjoy the flexibility!

  • Borrow against a savings account, money market or certificate
  • Get an APR1 equal to 3% above the APY2 of the account you are providing as security.3
  • Funds are held in your account and released as you pay the loan
  • Loan terms may vary based on account provided as security; contact Interra for details or terms.

Each situation can be a little different, so please contact Interra with any questions regarding a shared-secured loan or apply today!

Apply Now Contact Interra

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Voted by the readers, the best of the best, 2018, by the Goshen News. The Elkhart Truth, voted the best of Elkhart County, 2018. Voted the Favorite of Elkhart County by The Elkhart Truth, 2018.

1 Annual Percentage Rate.
2 Annual Percentage Yield.

3 All loans subject to credit and collateral review. APR for share secured loans will vary based on the APY of the account which is being pledged as security. For example, if a savings account earning 0.10% is pledged as security your APR for the share secured loan would equal 3.10% APR. Not all applicants will qualify for the lowest rate. Processing fee may increase the APR.

Equal Housing Lender ASI

Your savings insured to $250,000 per account.  By members' choice this institution is not federally insured.