Pearl Hawaii’s Secured Personal Loans* are loans that are secured by the amount available on deposit or your vehicle. Essentially, build good credit while getting a low rate that won’t break the bank. It works much like a personal loan and is available to help people with a variety of expenses.

For certificate or savings secured, the funds are held as collateral in your account for a specific period of time-based on the terms of the loan. The money collects interest while in the account, which will offset the interest charged on the loan.

BENEFITS OF A SECURED PERSONAL LOAN

SAVINGS SECURED

Borrow against your Pearl Hawaii savings account to receive a low-rate loan while still earning interest on your financial resources on deposit
A portion of funds is released with each payment made
Credit check not required
Verification of income not required
Loans are secured by available funds in your savings account
A good alternative to paying higher-cost credit card debt
An easy application process with no credit review
Continue to accrue dividends during the loan period
Affordable credit life and disability insurance** available

CERTIFICATE SECURED

Borrow against your Pearl Hawaii certificate and receive a low-rate loan while still earning interest on your financial resources on deposit
Funds held as security may be used to pay off the remaining balance of the loan at the time of the certificate maturity unless the loan is refinanced or paid in full
Credit check not required
Verification of income not required
Loans are secured by available funds in your certificate
A good alternative to paying higher-cost credit card debt
An easy application process with no credit review
Continue to accrue dividends during the loan period
Affordable credit life and disability insurance** available

AUTO SECURED

Borrow against your vehicle and receive a low-rate loan while still earning interest on your financial resources on deposit
The Certificate of Title will be released to the borrower when the loan is paid in full.
A good alternative to paying higher-cost credit card debt
An easy application process
Affordable credit life and disability insurance** available

Overall, Secured Personal Loans can help you build your credit history or repair bad credit faster. While this can be an advantage, you also need to carefully consider whether you can repay the loan and whether you can lose the asset you’re using as collateral. Generally, the ultimate goal should be to rely as little as possible on debt.