Finance large purchases without touching your savings
Secured Loans Tips, Info & FAQs
Loans protected by the borrower's collateral
Looking for a convenient, low interest loan? You can access your existing United Texas savings to secure a quick loan or even build your credit. As you pay down the principal balance of your loan, the money you pledged is released for you to access.
FAQs
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What do I need to do to obtain a secured loan?
Have a balance greater than or equal to the amount needed for the loan available in your share account or share certificate at United Texas.
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How does it work?
Deposit money into your savings account, or open a share certificate, and we will give you a loan using it as collateral.
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What is the interest rate?
You will pay 2.00% above what you are currently earning on your savings or share certificate.
Next Step
Go to Next StepSecured Loans Rates & Calculator
Loan Calculator
Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Share-Secured Loan
| Share-Secured Loan (100% Secured) | Share Rate + 2.00% APR* | 120 months |
*APR means Annual Percentage Rate. Rates are effective as of October 5, 2023. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Certificate-Secured Loan
| Certificate-Secured Loan (100% Secured) | Certificate Rate + 2.00% APR* |
*APR means Annual Percentage Rate. Rates are effective as of October 5, 2023. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Next Step
Go To Next StepSecured Loans Why United Texas
Secured Loans
- Use savings or share certificates as collateral
- Pay interest at the current savings rate + 2.00%
- Build your credit
- Continue to earn interest on your savings
- Choose from several repayment options
Testimonial
I worked with Kris Boiles at the closing of the loan. Kris was able to get a lower rate and went above and beyond what was anticipated or expected. I went to the local office to sign the papers which was very convenient for me. It was a good experience all in all.
Janice H., member since 2008
Reviews
GREAT BANK. OFFER GREAT RATES FOR FINANCING.
Roy, thank you for the positive feedback on your membership experience with United Texas. We appreciate you!
Review Secured Loans from United Texas
Next Step
Go To Next StepSecured Loans How it Works
Getting a secured loan is fast and easy
STEP 1
Become a member by opening a savings account with a minimum $5 opening deposit.
STEP 2
Apply for a Secured loan online, in person or over the phone.
STEP 3
Discuss your options for repayment with a Financial Services Officer.
STEP 4
Sign your documents either in person or electronically.
STEP 5
Congratulations on your new loan!
Related Products & Services
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More Info
Share Secured (New Money Only) – This is a 100% secured loan where your interest rate is our current savings rate, + 2.00%.
Secured Mastercard® – Your card is 120% secured by your savings account.
Certificate Account Secured – Your loan has the same term as the certificate. The interest rate is the certificate rate + 2.00%.