Collateral Loans

If you have a United Bank Certificate of Deposit or Savings Account, you can use it as collateral for a low interest rate personal loan without having to dip into your savings.

  • Lower rate than an unsecured loan at only 3% over the savings rate
  • Can be a great way to reinstate or improve credit
  • Continue earning interest on your savings
  • Loan amounts starting at $500

Rates as of Thursday, October 31, 2019

Product DescriptionApply
Loans Secured By United Bank Deposit Account
12 Months
24 Months
36 Months
48 Months
60 Months

Loan carries right of offset to deposit account.  Funds in savings account equal to amount of balance of loan will not be available for use until the loan is paid in full.  Payment example: $84.72 per month per $1,000 borrowed at 3.05% APR for 12 months.  $43.00 per month per $1,000 borrowed at 3.05% APR for 24 months.  $29.10 per month per $1,000 borrowed at 3.05% APR for 36 months.  $22.16 per month per $1,000 borrowed at 3.05% APR for 48 months.  $17.99 per month per $1,000 borrowed at 3.05% APR for 60 months.  All rates above assume a savings account rate of 0.05%.  Please see rates page for current rates.  All loans are subject to credit approval.  Fixed Rates and terms determined by type of corresponding deposit account used to secure loan.  Minimum loan amount of $500.  Maximum loan to value of 100%.  Maximum one collateral loan per deposit account.  Loans may be tied to a United Bank savings accounts or certificate of deposit.  If the CD term expires before the loan maturity, an additional rate adjuster of 0.50% applies, and account balance will be paid off at the time of CD maturity.  Other terms and rates may be available.  Rates subject to change.  Please ask for more details.

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