Stock Secured Loans & Lines of Credit
Put your stock to work.
Secure your loan with stock and enjoy a low interest rate.
Enjoy an even lower rate when you secure your loan or line of credit with shares of stock you already own.It’s the smart way to borrow.
- Low, fixed APR and fixed monthly payment for Stock Secured Loans—with first payment deferred for 60 days.
- Low, variable APR for Stock Secured Lines of Credit. Advance funds when you need them, and only pay interest on what you borrow.
- An additional 0.50% APR reduction1—with Rewards Rates
- Increased borrowing power—borrow up to 70% of the current market value of the stock3
- No pre-payment penalty or loan fees
- A quick approval process with access to funds in as little as the next business day.
APR = Annual Percentage Rate
Frequently Asked Questions
What are your rates?
BCU rates are determined by a number of variables, including—but not limited—to credit score, loan type, etc. All lending decisions, including rates, are made in compliance with the Fair Housing Act (FHA) and Equal Credit Opportunities Act (ECOA).
For the latest rates, please visit our Rates page.
Do you offer any discounts on interest rates?
Yes, BCU offers discounts to help members get the best rate possible. Keep in mind our standard rates include a 1.00% discount for automatic payments. For certain types of loans, we also offer an additional 0.50% discount if you qualify for Rewards Rates.
What are Rewards Rates?
Rewards Rates allow you to earn more on your deposits and/or save more on your loans. To qualify for a Rewards Rate, you must meet two of the following criteria:
Direct Deposit of at least $500 per month into a checking account at the Credit Union
At least $25,000 on deposit
At least one qualifying loan in good standing from the following list of loan types: Mortgage, Home Equity, Auto, and Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates.
How do I apply for a loan?
For your convenience, BCU provides a variety of ways to apply for financing. You can apply online or give us a call at 888-389-8344 to apply by phone. Once your loan application is completed, one of our loan representatives will contact you either by email or phone within one business day to review the status of your application.
What are your loan terms?
BCU offers a wide range of loan repayment options. Once you apply, you will be assigned a loan representative who will work with you to find the repayment options best suited to your individual needs.
How do I know how much I would be pre-approved/qualified for?
Since all pre-approvals are based on a number of variables, a loan application must be submitted for underwriter review to determine the financing amount you qualify for.
How long is a pre-approval good for?
Once a pre-approval is determined, it is valid for 90 days, unless cancelled at the member’s request.
Could my pre-approval change?
In the event that any of the variables used to determine your pre-approval status change, the terms of your pre-approval may change as well. Please discuss any changes to the information used in your loan application with your loan representative right away to ensure the loan closing can proceed without delay.
Can a pre-approval amount be increased?
You are allowed to request an increase to a pre-approval amount. However, since a pre-approval is based on your qualifying characteristics as a borrower, it’s best to discuss this scenario with a loan representative first.
I need a loan but I don't have anything to secure it with. Are there unsecured loans available?
Yes. BCU offers a variety of loans with simple financing terms designed to fit your budget. For more information about Personal Loan options and rates, give us a call at 888-389-8344 to discuss.
1APR is Annual Percentage Rate. APR is subject to change. The rates listed assume an automatic payment method and include a 0.50% discount for having two of the following relationships: a checking account with direct deposit of at least $500 per month; at least $25,000 on deposit with the credit union; or another qualifying loan in good standing. Qualifying loans include: Mortgage, Home Equity, Auto, and Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Rewards discount cannot be applied to Credit Cards, and Stock, CD and Deposit Secured Lines of Credit. All rates are subject to credit certification and approval. The rates shown are the lowest available and your rate may be higher.