Secured Loans

Personal Secured Loans in Chambersburg, PA, Waynesboro, PA, and Hagerstown, MD

Want to make a large purchase but would prefer not to clear out your savings? Searching for a way to consolidate debt? Looking for a way to build your credit? Patriot has a solution for you! Keep your savings securely in place and still have the money you need with one of our secured installment loans. Use what’s in your Patriot share savings or share certificate account to secure a loan for a great low rate.

Share Secured Loans

Your Share Savings account at Patriot may be used as collateral for a loan. It’s an excellent way to establish credit, plus it gives you the freedom to make a larger purchase without emptying your saving account. Check out these other benefits of a share secured loan at Patriot:

  • Maximum loan amount is limited to the amount of unencumbered funds in the share savings account
  • Maximum loan term: 120 months
  • Interest rate: Current dividend rate on regular shares + 4.00%
  • Lower rate than unsecured loans
  • Approval not based on credit score or credit report
  • Rates subject to change quarterly
  • Quick and local decision making

Certificate Secured Loans

Certificate Secured Loans enable members to borrow at a preferred rate in exchange for using their Share Certificates as security for the loan. These secured personal loans are great for building or re-building credit since they are not risk-based. Reap these benefits and more when you open a certificate secured loan at Patriot:

  • Maximum loan amount is limited to the amount of unencumbered funds in the share certificate account
  • Maximum loan term is up to 60 months. Maturity date of a Certificate Secured Loan can not exceed the maturity date of the Certificate that secures it.
  • Interest rate: Certificate rate + 3.00%
  • Lower rate than unsecured loans
  • Approval not based on credit score or credit report
  • Rates subject to change upon certificate renewal
  • Quick and local decision making

Interested in a Secured Loan?

Apply today

Patriot prides itself on being a convenient place in our communities that is able to provide access to  loans and services that not only meet your needs, but are originated by staff who care. All loan decisions are made locally, right here in your community. Our secured loans loans are offered online and at our branches throughout Chambersburg, PA, Waynesboro, PA, and Hagerstown, MD.

Patriot’s mission is “People Helping People – Not for Profit, Not for Charity, But for Service.” Stop by one of our branches today to start your loan application and see for yourself.

Also check out our personal finance section of our learning center blog to find helpful tips on managing money and more!

All loans subject to approval.