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Earn Interest
Earn Interest

With a Secured Loan, your collateral is in an interest-bearing account. That means you can earn money while you repay your loan. We use the current savings or CD rate plus 3.00% to determine your interest rate.

Savings-Secured Loans
Savings-Secured Loans

With a PrimeWay Secured Loan, you can use the money in your savings account or CD as collateral, making approval easy.

Better Credit
Better Credit

Each time you make an on-time payment for your Secured Loan, you’ll be rebuilding your credit, making it easier to fulfill your dreams.

Buy a Vehicle
Buy a Vehicle

You can use your secured loan to buy a vehicle, including a motorcycle, RV, or boat – so you can get the vehicle you want even if your credit isn’t perfect.

Borrow between $500 and $10,000
PrimeWay Secured Loan Features
Borrow between $500 and $10,000

Get Your Secured Loan in 3 Simple Steps

Step 1
Step 1

Decide what you want to borrow based on your savings.

Step 2
Step 2

Complete our online application by clicking the button below.

Step 3
Step 3

Make on-time payments and rebuild your credit!

Secured Loan FAQs

Can I still use the money in my savings account or CD if I take out a Secured Loan?

No. The money you use to secure the loan will be frozen while you repay it, but your savings earn interest while you repay your loan.

What is the maximum amount I can borrow with a Secured Loan?

You can borrow any amount between $500 and $10,000 if you have enough in your savings account or CD to cover it.

How can a Secured Loan help me to rebuild my credit?

The timeliness of payments plays a big role in your FICO score. When you make on-time payments against your Secured Loan, those payments get reported to the three credit bureaus and over time, they will improve your score.

Learn Why Our Members Love PrimeWay

We make your dreams our mission – every day. Read what our members have to say about how PrimeWay membership has helped them achieve their dreams.

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