What is a Savings Secured Personal Loan?

A Savings Secured Personal Loan is a financing option that allows you to borrow against your Nusenda savings account, using it as collateral. If you want to build your credit rating and access funds for important expenses, this type of loan is ideal for you!

Benefits of a Savings Secured Personal Loan

  • Lower interest rates compared to a traditional personal loan
  • Flexible monthly payment terms that fit your budget and lifestyle
  • Opportunity to build or improve your credit score by making your payments on time
  • Ability to keep growing and earning interest on your savings
Savings_Secured

Preserve hard–earned savings

With Savings–Secured Loans, you can use your savings as collateral, borrow at low rates, and keep your savings intact.

Fast Application

Fast Application

Applying for a loan is quick and easy through Nusenda's online application system. Apply today!

download app

Download the Nusenda app to enroll in Mobile and Internet Banking!

Easily access and manage your funds and more with our mobile banking app.

How to apply:

With Nusenda Credit Union, applying for a loan is easy!

Step1

Members can complete an application online, stop by a convenient branch location, or call 505-889-7755 (800-347-2838 outside the Albuquerque area).

Not a Nusenda member? Become one today.

Step2

Once you submit your application, we’ll gather your credit information. Log into Mobile and Internet Banking services to track the approval process and communicate directly with our loan specialists.

Step3

If your line of credit is approved, you will be able to access it in Mobile and Internet Banking.