We offer both secured and unsecured personal loans.
A secured personal loan requires you to borrow against your existing CalCom deposits. This is particularly great for members looking to build or improve their credit. For example, if you have $1,000 available in your savings account that you do not plan on using, you can open a $1,000 secured personal loan. Although this would freeze the funds in your savings account for the life of the loan, you will still be earning interest on those funds!
An unsecured personal loan is often used in a wide variety of ways including bill consolidation, purchasing a new computer, paying taxes, life milestones or simply going on vacation. This type of personal loan does not require you to place any of your funds on freeze for the life of the loan.
To get your personal loan all you need is your credit history, proof of income, and your signature of course.