Consolidate your debt, enjoy a dream vacation or remodel your home. When applying for a secured personal loan you must use your savings account or a certificate of deposit (CD) as collateral. This will help to lower the loan’s interest rate and it will cover your debt in case of future inability to pay. When you pay off your loan, the collateral and the accrued interest are released.

You can choose between two secured personal loan options:

With amortization

This option offers a low monthly payment when you provide a cash collateral. Your loan collateral earns interest; when you pay off the loan, both the collateral and the interest earned are released.

Choose your region to apply:

USVI Tortola (BVI)

Without amortization

Your monthly payment will be lower because you are just paying interest. You also can make payments to the loan principal whenever you want, without penalties.

You can also apply by calling our Telemarketing Center at 1.888.724.3653.

A tailor-made solution:

  • Starting at $2,000 up to 100% of the balance in the account used as collateral1
  • Terms: 12 to 120 months depending on the amount requested
  • Lower APR than in an unsecured loan2
  • 0.25% discount if you enroll in Direct Payment2
  • Earn interest on the loan collateral

You must meet the following criteria to apply for a loan:

  • You must be a resident of St. Thomas or St. Croix (US Virgin Islands) or Tortola (British Virgin Islands)
  • You must be at least 18 years old. If you are under 18, you must present an emancipation decree or a marriage certificate

Important documents needed when applying for a loan:

  • Email address (to contact you quickly and easily)
  • Monthly net income – The money you get after deductions (this information appears on your pay stub)
  • Social Security number