Personal Loans

Share Secured Loans

With a Share Secured Loan you borrow against your savings or share certificate at Advantage One and receive a low-rate loan, while still earning dividends on your deposits. The funds in your savings or share certificate will be frozen and made available again as the loan payments are made. A Share Secured Loan is a good choice if you're looking to build credit or need to make a purchase but don't want to dip into your savings. Apply online, at a branch office or by phone at 734.676.7000.


  • Lower rates than many unsecured loans
  • Excellent way to build or rebuild credit
  • Apply Now Minimum loan amount $500
  • Terms up to 48 months
  • Pledged deposits continue to earn dividends

Secured Loans

We also offered Secured Loans that allow you to borrow against your vehicle’s value to access money for debt consolidation or other financial goals. The credit union takes a security interest in your collateral, such as a car, boat, or other recreational vehicle with a clear title, until the loan is paid in full.  All collateral is subject to approval by the credit union.  For additional details, give us a call at 734.676.7000.

Personal Loan Rates
Effective Date: Wednesday, July 18th, 2018
NameTermAnnual Percentage Rate
Secured Maximum of 60 months 6.24%
Share Secured Maximum of 48 months + 3.00%*
Personal Line of Credit Open End, $1,000 to $10,000 10.00%
Signature 1-48 months 7.99%
  49 to 60 months 9.49%
Overdraft Line-of-Credit Revolving 14.00%
Quoted loan rates are the lowest rates available. Your final loan rate is based on creditworthiness and consumer credit scoring and may be higher than the quoted rate. The Annual Percentage rate may vary after the account is opened.
*Share secured rate is 3.00% more than the rate of dividend paid on the funds used as collateral.

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