Savings & Certificate Pledge Loans:

 

Your Least Expensive Loan

 

Use the money you have on deposit in a regular Savings account or Certificate Account as collateral for a loan. These loans have Silverado's lowest rates.

For the duration of the loan, funds remaining in a Savings or Certificate account must at least equal the outstanding loan balance and cannot be withdrawn. As the loan is paid off, fewer shares are required for collateral, making more shares available to you. Although your savings is used as collateral, they continue to earn dividends.

Credit Builder Loan or Re-establishing your Credit

 

A Savings or Certificate Pledge Loan or VISA Savings Secured Card is an excellent way to start in establishing your good credit history or to rebuild your credit history. It is also the perfect way to help a young adult begin building their credit history.

You can even pledge your savings for family members and friends who are Silverado members, allowing them to enjoy this excellent loan value.

Beneficial features are:

(Savings or Certificate Rate + 2.50%)