Personal Secured Loan

What are Secured Loans?

A secured loan is when collateral is used as security for the repayment of a loan. An example of a Secured Loan is when you buy a vehicle and use the car as collateral to secure repayment of the loan. OSCU offers New and Used Vehicle Loans.

What are Share Secured Loans?

Share Secured Loans are borrowing funds using your Savings or Certificates as collateral (excluding IRA accounts). Your funds are on hold, but you still receive dividends on your Savings and Certificates. You can borrow 100% of the available balance. Borrow for long or short terms - there is a maximum term of 12 years on Share Loans.

Pledged Installment Rates

rates_consumer_pledgedinstallment table
Rate (as low as)TermMaximum Amounts / Terms Per Loan Policy
Savings Rate + 3.00% APRUp to 60 months*Balance of Deposits
CD Rate + 3.00% APRUp to 60 months*Balance of Deposits


Personal Unsecured Loan

What are Unsecured Loans?

An unsecured loan is borrowing money, offering your signature as good faith that the loan will be repaid . We offer two types of unsecured loans:

Signature Loans:

  • Loans range from $1000.00 to $10,000.00.
  • Payments are a fixed amount.
  • Terms of Repayment are from 12 to 60 months.

Unsecured Personal Loan Rates

rates_consumer_loan table
TermRates (as low as)
Up to 60 months15.00% APR


Rates Effective as of December 7, 2016

DISCLOSURE: Ocean State Credit Union provides loan rates based on a risk rate schedule. The risk rate schedule carefully evaluates an applicant's credit history, debt to income ratio, assets, and job stability. Ocean State Credit Union is competitive in the market. Completing an application gives our loan officers the tools to provide you a rate that works for your financial needs.

APR = Annual Percentage Rate

Some Restrictions Apply. Rates Are Subject to Change at anytime without notice.

USA Patriot Act: Important Information About Procedures for Filing a Loan Application with Ocean State Credit Union. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you is that when you file a loan application with us, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents no later than at the time the loan is closed.