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Secured and
Unsecured Loans
Are you considering taking out a loan? Understanding the difference
between secured and unsecured loans is crucial in making an
informed decision. At Greater Central Texas Federal Credit Union,
we offer a variety of loan options tailored to your needs.
All about
1 2
S e c u r e d L o a n s Un s e c u r e d L o a n s
Backed by collateral
Lower interest rates.
Access to larger amounts.
No collateral.
Higher interest rates.
More flexibility for usage
of funds.
3 4
Loan Approval Process Repayment Terms
Secured loan: Loan amount
depends on collateral
evaluation.
Unsecured loan: Lenders
assess your creditworthiness.
Secured loans offer longer
repayment periods.
Unsecured loans come with
shorter repayment terms.
5
Choosing the Right Loan
Evaluate your financial situation; assets, credit score, etc.
Consult with experts for guidance.
www.gctfcu.net
Greater Central Texas Federal Credit Union
3305 E. Elms Rd.,
Killeen, TX 76542
Phone: (254) 690 - 2274

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All about Secured and Unsecured Loans

  • 1. Secured and Unsecured Loans Are you considering taking out a loan? Understanding the difference between secured and unsecured loans is crucial in making an informed decision. At Greater Central Texas Federal Credit Union, we offer a variety of loan options tailored to your needs. All about 1 2 S e c u r e d L o a n s Un s e c u r e d L o a n s Backed by collateral Lower interest rates. Access to larger amounts. No collateral. Higher interest rates. More flexibility for usage of funds. 3 4 Loan Approval Process Repayment Terms Secured loan: Loan amount depends on collateral evaluation. Unsecured loan: Lenders assess your creditworthiness. Secured loans offer longer repayment periods. Unsecured loans come with shorter repayment terms. 5 Choosing the Right Loan Evaluate your financial situation; assets, credit score, etc. Consult with experts for guidance. www.gctfcu.net Greater Central Texas Federal Credit Union 3305 E. Elms Rd., Killeen, TX 76542 Phone: (254) 690 - 2274