Secured Loan Options View Rates
Receive a lower rate by using funds in your savings account. Loan types include:
- Share Secured Line of Credit
- Share Secured
- Certificate Secured
Exclusively available for DMC and
St. Joseph Mercy employees only
|A great line of credit option for quick access to cash when you need it.
||A Fixed Term loan, up to 60 months, flexible for many different purposes.
||An open-ended 12 month term loan that can be reused for future $1,000 advances once paid off.
|Min Loan Amount $500
||Min Loan Amount $500
||Loan Amount $1,000
|Max Loan Amount $35,000
||Max Loan Amount $35,000
|Access anytime, anywhere. Transfer from Online Banking, or in the branch to your checking/savings accounts.
||Get one lump sum transferred to your savings/checking or as a check to pay off other debts.
||Access to funds year after year without needing to reapply again.
as low as
as low as
as low as
*APR=Annual Percentage Rate. Variable rate subject to change monthly based on the prime rate as published in the Wall Street Journal plus a margin. Actual rate offered is based on overall creditworthiness factors. Interest begins to accrue when you access the funds. Floor APR is 6% and the maximum APR is 18%. Other conditions may apply.
**APR=Annual Percentage Rate. Actual rate offered is based on credit worthiness factors. Approximate monthly payment would be $20.26 per $1000 borrowed at 7.95% for 60 months. Other conditions may apply. Rate subject to change.
†Credit limit offered will be $1,000 on all approved loans. After $1,000 initial draw, subsequent draws must be made for the full amount of the available credit limit. Outstanding balance must be $100 or less for subsequent draws. Member must have a minimum automatic monthly payroll direct deposit of $500. Subject to approval based on overall creditworthiness factors. Other conditions may apply. Rate subject to change.