Midwest BankCentre Secured Loans
A loan secured with a Midwest BankCentre CD, savings account, money market or stock secured. Receive up to 100% of the available balance in the deposit account securing the loan minus any loan fees.
Loan Features & Benefits:
- One lump sum - Receive all the funds up front and have predictable monthly payments.
- Low interest rates - Collateral-based loans typically mean lower interest rates.
- Let your savings keep earning - Keep earning interest in the savings or money market account you use to secure the loan.
- Build Credit - Improve your credit when you use your account responsibly.
Secured Loan Products
Loan Type | Rate^ | APR* | Payment | |
---|---|---|---|---|
Money Market/Savings Secured Loan1 | 8.500% | 8.536% | $51.25 | |
CD Secured Loan2 | 8.50% | 8.536% | $51.25 | |
Stock Secured Line of Credit3
|
8.750%
|
8.751%
|
$10,937.50
|
Midwest BankCentre can only accept online applications from current Missouri and Illinois residents.
Contact us at 314-631-5500 or toll-free at 800-894-1350 if you have any questions about availability in your state.
Please call us at (314)-631-5500, or (800) 894-1350 to get started.
Rates are effective as of 6/18/2024 and subject to change without notice.
^Represents the lowest offered rate.
*1APR (Annual Percentage Rate) calculations are based on a $300 Loan Amount with $0 fee(s) for 6 months.
*2APR calculations are based on a $300 Loan Amount with $0 fee(s) for 6 months.
*3APR calculations are based on a $1,500,000 Loan Amount with $0 fee(s) for 12 months.