Secured Personal Loans

Get our lowest rates by using your own money as security. This is a great way to build or repair your credit, and to learn about the borrowing process.

How does it work?

How does it work?

  • Your secured loan will be backed by money in your Bay Federal Savings or Certificate of Deposit Account, which will be “frozen” and earn dividends.

  • Meanwhile, you may borrow up to 100% of your balance.

  • No previous credit is required.

Attention: You are leaving the Bay Federal Credit Union website

You will be redirected to a website outside of the Bay Federal Credit Union website and entering a website hosted by another party. The linked website is not operated by Bay Federal Credit Union. Bay Federal Credit Union is not responsible for the content or availability of the linked website. Bay Federal Credit Union does not represent the operator of the linked website, the member, or any other users if the two enter into a transaction. Privacy and Security Policies of the linked website may differ from those of Bay Federal Credit Union.