What Is A Personal Loan?

A Personal Loan is a type of loan that features a fixed rate, fixed term, fixed monthly payments and does not require collateral, like your car or home. A Personal Loan can be used for any reason. Typical uses include debt consolidation, unexpected expenses, large purchases and home improvements. Whatever your need may be, a Personal Loan is a great option.

Personal Loan Features:

• Competitive interest rates
• Credit limits up to $40,000
• A variety of fixed terms
• Fixed monthly payments
• No penalty for early payoff
• No application fee

Share Secured Loan

A Share Secured Loan is a personal loan that uses the money in your savings account as collateral to secure your loan. A FORUM lending representative can discuss the best options to meet your needs.

• A Share Secured Loan helps you build credit by repaying the loan amount
• Allows the funds in your savings account to continue earning interest. (The funds in your savings account that are being used as collateral for the loan are not available for withdrawal until the loan is paid in full.)
• Share Secured Loan options and rates vary.