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?](https://www.bayfed.com:443/getmedia/b8e7b27e-a943-4175-915f-b0a92ceda936/secured-line-of-credit.jpg)
How does it work?
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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.
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Meanwhile, you may borrow up to 100% of your balance.
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No previous credit is required.