Do you have assets that you would like to pledge as collateral? Then a secured loan may be right for you. Whether you are looking to purchase a new equipment, a motorcycle, boat, recreational vehicle or even a plane, we can help you!
Most common secured loans cover:
-
Equipment
-
Watercraft (boat, jet skis)
-
RVs (motor homes, travel trailers, campers, ATVs)
-
Motorcycles
Other secured loans we offer:
Certificate Secured Loan*
If you currently have a term share certificate with HTFFFCU, this loan is available to you. With the interest rate only 2% over your existing Term Share Certificate rate, this loan allows you to borrow against 100% of the balance of your Term Share Certificate. And you are not losing any dividends you have already earned - you can continue to earn them
Share Secured Loan*
With this loan you are allowed to borrow against 100% of the balance of your saving account (minus the initial $5 deposit) at only 3.25% APR. The funds are secured by the money in your savings account but you will continue to earn dividends.
Secured Loan Rates updated as of January 1, 2024.
| Loan Type | Term In Months | Fixed Rate APR* |
| Boats, RVs, Equipment, Motorcycles, Jet Skis, Travel Trailers, Campers, Motor Homes and Other Vehicles excluding New and Used Cars, Trucks and SUVs | 1-48 | 5.75% - 12.75% |
| 49-84¹ | 6.75% - 13.75% | |
| 85-180¹ | 10.75% - 18.00% | |
| Share Secured Loan | N/A | 3.25% |
| Certificate Secured Loan | N/A | 2.00% above highest variable |
The payment examples below are based on a 10K secured loan for terms ranging from 24 months to 48 months
EMP stands for Estimated Monthly Payment. Rates will vary depending on credit score.
| Credit Score Range | LTV Restrictions | Interest Rate | EMP for 24 months | EMP for 36 months | EMP for 48 months |
| 700+ | Max LTV is 140% $5,000 over NADA retail value | 5.750% | $442.10 | $303.10 | $233.72 |
| 650-699 | Max LTV is 140% $4,000 over NADA retail value | 6.750% | $446.61 | $307.64 | $238.32 |
| 600-649 | Max LTV is 140% $3,000 over NADA retail value | 8.750% | $455.72 | $316.85 | $247.68 |
| 550-599 | Max LTV is 110% Minimum contribution is 10% | 10.750% | $464.94 | $326.23 | $257.26 |
| Below 550 | Max LTV is 110% Minimum contribution is 10% | 12.750% | $464.94 | $326.23 | $257.06 |
¹Longer terms may be restricted by the dollar amount of the loan. Ask a Credit Union representative for details.
All rates are subject to change without notice. Some restrictions apply.