Secured Personal Loans in Tulsa

Also known as a share secured loan, this is a smart way for members across Oklahoma to borrow against their own savings or certificate account for a competitive rate and an easier path to approval. It's a great way to build or rebuild credit while still meeting your borrowing needs.

  • Borrow as little as $500
  • Flexible terms up to 60 months 
  • Minimum monthly payment as low as $50

Benefits of a Share Secured Loan

Oklahoma Central’s share secured loans let members across Oklahoma borrow against money they already have in a savings account or certificate. Here’s what you get:

Backed by your own savings

Backed by Your Own Savings 
Using your savings as collateral often means an easier approval and a more competitive rate.

builds credit

Builds Your Credit History 
On-time payments are reported to credit bureaus, helping you build or rebuild credit.

Fast Funding Icon

Flexible Terms, Low Payments
Choose a term up to 60 months, with a minimum monthly payment as low as $50, so your loan fits your budget.

Fixed Predictable Payments Icon

Fast Funding 
Apply online and, once approved, get access to your funds quickly, no long waiting periods.

no prepayment penalty

No Prepayment Penalty 
Pay off your loan early anytime, without incurring extra fees or penalties.

optional debt protection

Optional Debt Protection 
Help protect your loan balance or loan payments against the unexpected, like job loss or illness.

Share Secured Loan Rates & Terms

See current share secured loan rates by term below. Borrow as little as $500, up to the full value of your savings or certificate, with terms up to 60 months and a $50 minimum monthly payment. 

Type

APR (as low as)

Term (up to)

Loan Application

Secured Rate

Variable APR*

60 months

Apply Online

APR (as low as)

Secured Rate

Variable APR*

Term (up to)

Secured Rate

60 months

Loan Application

Secured Rate

Apply Online

Ready to Put Your Savings to Work?

Apply for a secured personal loan today and start building the credit you need, backed by your own savings.

<p>Apply for a Secured Loan</p>

Explore More Options

Learn more about our savings accounts or compare your other borrowing options.

Backed by your own savings

Savings Accounts

Your savings can secure your loan while you keep building them. Explore our savings accounts and CDs.

Explore Savings Accounts

personal loan icon - share secured page

Personal Loans Overview

Prefer not to put up collateral? See all of our personal loan options, rates, and resources in one place.

View Personal Loans

Frequently Asked Questions

A secured personal loan, also known as a share secured loan, uses funds you already have in a savings account or certificate as collateral. Your funds stay in your account and continue earning dividends while you repay the loan; it's simply secured rather than being withdrawn. Because the loan is backed by your own money, approval is often easier and rates are typically lower than an unsecured loan, making it a strong option if you’re building credit or want the most competitive rate available.

Funds in an Oklahoma Central savings account or certificate of deposit can secure your loan. 

Yes. "Share secured loan" is another name for the same product, a personal loan backed by funds you already have in a savings account or certificate.

The funds used as collateral are placed on hold until the loan is repaid, but they continue to earn dividends during that time. 

Yes. Because your own savings or certificate secures the loan, we don’t pull your credit when you apply. That makes it a good option if you’re building or rebuilding credit. 

As with any loan, a missed payment may affect your credit and could result in fees. If you're ever at risk of missing a payment, contact us as soon as possible so we can help you find a solution. 

Yes. You'll need to be an Oklahoma Central Credit Union member to apply. You may be eligible to join if you're affiliated with another credit union, if you're an employee or retiree of one of our 1,100+ affiliated companies, or if you have a family member who's already a member. You can also join through our refer-a-friend program if a current member refers you. Checking your eligibility only takes a few minutes. 

Approval times vary depending on your application, but many members receive a decision quickly. Apply online or contact us for a more specific timeframe. 

 *Share Secured Loans include Savings Secured Loans and CD Secured Loans. Savings Secured Loan rates are based on share rates and CD Secured Loan rates are based on certificate rates. To get the current rate, please contact a member service rep at 918-664-6000 option 2.