Share Secured Advance
Borrow against the balance in your share account and keep your savings intact while you repay.
Rates change. See Current Rates for today’s figures.
Borrowing Against Your Own Savings
A share secured advance is a personal loan secured using the balance in your share account as collateral. Your savings stay where they are and continue to belong to you. Because the loan is secured, the rate is usually lower than an unsecured personal loan.
What You Should Know
Your Savings Are Collateral
Secured using the balance in your share account.
Savings Stay Yours
The balance remains in your account rather than being spent.
Lower Rate Than Unsecured
Secured borrowing generally costs less than an unsecured loan.
Builds Payment History
Repaying on time adds to your credit record.
What to Have Ready
You will need a share account with a balance to pledge. Beyond that, underwriting is usually straightforward because the loan is secured by funds already at Waypoint.
- A Waypoint share account with a balance to pledge, on deposit for at least 30 days
Current Rates
Smart E-Loan
As low as
6.99%APR²
Home Improvement Loan
As low as
7.99%APR²
Credit Builder Loan
As low as
7.99%APR²
Personal Loan
As low as
9.49%APR²
APR = Annual Percentage Rate. Rates effective 16 September 2026 and subject to change without notice. Your APR may differ based on credit history, term, and other factors. Not all applicants will qualify for the lowest rate. Applicants consolidating debt add 1.00% to the personal loan base rate, not to exceed 17.99%.
Apply for a Personal LoanView all personal loan rates, terms and maximums
| Loan Type | Term (Months) | APR As Low As | Maximum Amount |
|---|---|---|---|
| Personal Loan | Up to 12 | 9.49% | $25,000 |
| Personal Loan | Up to 24 | 9.74% | $25,000 |
| Personal Loan | Up to 36 | 9.99% | $25,000 |
| Personal Loan | Up to 48 | 10.24% | $25,000 |
| Personal Loan | Up to 60 | 10.49% | $25,000 |
| Home Improvement Loan | Up to 60 | 7.99% | $50,000 |
| Home Improvement Loan | Up to 84 | 8.49% | $50,000 |
| Home Improvement Loan | Up to 120 | 8.99% | $50,000 |
| Home Improvement Loan | Up to 144 | 9.49% | $50,000 |
| Home Improvement Loan | Up to 180 | 9.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 60 | 6.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 84 | 6.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 120 | 6.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 144 | 7.49% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 180 | 7.99% | $50,000 |
| Credit Builder Loan | Up to 12 | 7.99% | $5,000 |
| Credit Builder Loan | Up to 24 | 8.49% | $5,000 |
| Credit Builder Loan | Up to 36 | 8.99% | $5,000 |
| Money Line of Credit | Open end | 9.49% | $15,000 |
| Rapid Cash Short Term Loan | Up to 12 | 28.00% | $2,000 |
| Mashantucket Pequot Tribal Nation Loan | Up to 12 | 17.95% | $2,500 |
| Share Secured Advance | Up to 84 | 7.00% | 100% of shares |
| Certificate Secured Loan | Term of certificate | Certificate rate plus 3.00% | 100% of certificate |
Good to Know
Your savings stay intact
They stay where they are and keep working while you repay.
You build a payment record
Repaying the loan builds a record that spending your own money would not.
Talk it through with someone who lends here.
Local decisions. No obligation.
A short conversation before you apply tells you what you can realistically borrow and what it will cost in total. Book a time at any Waypoint branch, or start online and we will pick it up from there.
Important Disclosures
APR = Annual Percentage Rate. Rates are accurate as of 16 September 2026 and are subject to change without notice. Your APR may differ based on credit history, credit worthiness, collateral year, term of loan, loan to value, and fees that may constitute finance charges. Not all applicants will qualify for the lowest rate. Your actual APR will be included in the initial Truth in Lending disclosure.
Payment example: for a loan amount of $5,000 with an APR of 9.49% over a term of 12 months, the monthly payment would be $438.24.
Applicants consolidating debt add 1.00% to the personal loan base rate, not to exceed 17.99%.
Share secured and certificate secured loans and other flat rate loans are not subject to managed risk pricing.