We are currently hiring, join a great team!
4.9 Stars - Based on 225 User Reviews
Submit Payment

Secured Personal Loans

Secured Personal Loans

Secured personal loans are a great choice for someone who needs a loan but has a bad, or no, credit history.

How Does a Secured Personal Loan Work?
Instead of loaning money based on an applicant’s credit worthiness, a secured loan requires a form of collateral in the form of real estate, vehicles, or other assets to protect the lending institution.

These loans can be used just like a conventional loan, including large purchases, unexpected expenses, even paying down high interest credit cards. You keep the collateral throughout the life of the loan unless you default. After the loan is paid in full, the lender will relinquish all rights to the asset.

The Benefits of a Secured Personal Loan with Bay Country

  • Financing available of up to $50,000
  • Same day approvals
  • Convenient loan options
  • No application fees
  • Budget-friendly loan options
  • Unlike a credit card, all Bay Country loans have fixed terms and rates between 12-60 months

Apply for a Secured Personal Loan

Have questions?

Check out our FAQs for more info. We might already have the answers you’re looking for!

Read More
home improvement
Household Improvement
Loans
Vacation
Vacation Loans
Emergency Loans
A Large Purchase

Questions? Let's Talk

The minimum and maximum period for repayment are 12 – 72 months. The maximum Annual Percentage Rate (APR) is 18 -24%. Your terms vary based on personal information like credit history, income, expenses, debts and acceptable collateral. As an example, if you borrowed $5,000 with a 23.99% APR and 48-month term, your payments would be $179.80 per month. This example is based on an average customer with good credit.