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Guide to Secured Loans Against Collateral Like Shares
1. Brief Guide To
Secured Loans
A secured loan is a loan that is
granted against a collateral pledged
by the consumer.
The value of collateral should be
equal to or greater than the value
of loan.
In case of Share Secured Loan, a
share account (excluding an IRA)
can be used as collateral.
The balance in share account
must remain equal to or greater
than balance of loan.
www.gctfcu.net
Greater Central Texas Federal Credit Union
3305 E. Elms Rd.,
Killeen, TX 76542
Phone: (254) 690 - 2274
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