Best Secured Personal Loans to Consider in June 2026

Best secured personal loans let borrowers access installment credit by pledging savings, investments, a vehicle, or certain home fixtures as collateral. The lender may offer lower rates or accept applicants with weaker credit, but missed payments put that asset at risk. Compare the collateral rules, fees, and total repayment cost before applying.

How secured personal loans work, and what is at stake

A secured personal loan is repaid in scheduled installments, much like an unsecured personal loan. The difference is that you promise an asset to the lender. If you do not repay as agreed, the lender can seek to take the collateral, subject to the loan terms and applicable rules. A savings balance, a vehicle, publicly traded stock, or qualifying fixtures in a home can serve as collateral, depending on the lender.

Collateral can make a loan more accessible to someone with limited credit history or a low score because it gives the lender another way to manage risk. It does not guarantee approval, and poor credit can still mean a high annual percentage rate, or APR. The APR reflects the yearly borrowing cost, including interest and certain fees, so it is more useful for comparing offers than an interest rate alone.

The trade off is direct: the borrower may qualify for funds or a lower rate, but an asset is exposed if payments stop. A savings secured loan can tie up money that might otherwise be available for emergencies. A vehicle loan puts the vehicle at risk, and a home fixture loan can become due in full if the home is sold. The collateral and consequences differ by product.

Applications commonly involve identity details, a Social Security number, income information such as pay stubs, and bank account details for receiving funds. The lender uses the credit application to evaluate the borrower and may review the value and ownership of collateral. Before signing, ask for the actual APR, monthly payment, origination charge, late fee, repayment schedule, and rules for releasing or selling the asset.

Compare secured personal loan rates, amounts, fees, and terms

The figures below summarize the listed offers. They are not guaranteed approval terms: an applicant’s rate and amount can depend on credit, collateral, location, income, and the lender’s underwriting. Some listed APR ranges can include discounts for autopay or existing customers.

There are product specific figures behind some of these broad ranges. Patelco’s overview also cites a 2.50% minimum APR, while the comparison listing gives 9.30% to 17.90%; its available 1.50% LevelUp discount may also affect a qualified offer. First Tech’s savings and certificate loans start at 3% plus the rate on the related account, while its stock secured loan has a 6.99% minimum. Confirm which loan and rate apply before comparing monthly payments.

OneMain Financial’s published description also gives differing minimum rate figures: its comparison lists 11.99%, while the accompanying product discussion refers to an 18% minimum. The actual offer and state rules matter. Ask the lender to state the rate and fees for the specific loan in writing.

Funding time is also not the same as guaranteed access to cash on that day. OneMain says funding through SpeedFunds can arrive within one hour after closing when sent to a bank issued debit card; ACH or check delivery can take up to 1 to 2 business days after closing. Its comparison listing gives a general funding time of 1 day. Patelco’s comparison shows 0 days, while Upgrade and Best Egg show 1 day and First Tech shows 2 days.

Which lender fits the collateral you can offer?

Patelco Credit Union: savings backed borrowing

Patelco’s secured savings loan uses money held in a Patelco savings account as collateral. Borrowers can request as much as 100% of that savings balance, with a stated minimum of $300 and no specified maximum in the product description. That flexibility comes with a limit: a borrower needs to build up the savings first, and the account balance is the only listed type of collateral.

The listed loan has no origination fee, terms from 6 to 84 months, and a comparison APR range of 9.30% to 17.90%. The product details also refer to a 2.50% minimum APR and a 1.50% LevelUp discount. Those figures are not interchangeable with a personalized quote. Patelco lists a minimum credit score of 640, and membership is required.

Eligibility for membership can come through employment with a Patelco partner employer; living, working, attending school, or worshipping in certain California areas; having a Patelco member in the family or as a roommate; or joining the Financial Fitness Association. The credit union was founded in 1936, is headquartered in Dublin, California, and has 36 additional offices in Northern California. Membership benefits include partner discounts, educational resources, and personalized assistance.

Upgrade: auto collateral and applications with another borrower

Upgrade’s secured option is limited to auto secured loans. The lender considers the vehicle’s value, and an approved borrower must provide the car title to complete the loan. The listed credit score minimum is 580, lower than the stated 640 minimums for Patelco and Best Egg. Still, an APR as high as 35.99% and an origination fee as high as 9.99% can make a loan costly.

Upgrade lists loan amounts from $1,000 to $50,000 and terms from 24 to 84 months. Discounts are available for autopay, using some loan proceeds to pay existing debt, and securing the loan with a vehicle. A joint application is another possibility. Both applicants are responsible for repayment, and both credit profiles are considered. A joint application may improve the application’s overall strength, but it also puts repayment responsibility on both people.

Upgrade does not require membership. It was founded in 2017 and is headquartered in San Francisco, with other offices in Phoenix, Atlanta, Orange County, California, and Montreal. Compare the net proceeds after the origination fee, not just the advertised APR, before deciding whether its offer fits the need.

OneMain Financial: several vehicle types, with state dependent charges

OneMain Financial accepts a wider range of vehicle collateral than a car alone. Eligible collateral may include a car, truck, motorcycle, boat, recreational vehicle, or trailer. The vehicle must be insured and appraised. For larger loan amounts, it generally needs to be less than 10 years old, meet value requirements, and be titled in the applicant’s name. The lender also offers secured loans for refinancing existing debt.

The listed loan range is $1,500 to $30,000, with terms of 24 to 60 months and an APR of 11.99% to 35.99%. The listed minimum credit score is not disclosed. OneMain says it serves nonprime borrowers, but that does not promise approval or a low rate. It does not accept joint applications. Prequalification is available and can show whether a borrower may qualify without a hard inquiry.

Origination charges vary by state: the fee may be a flat $25 to $500 or 1% to 10% of the loan amount, subject to state limits. The lender’s example is a $6,000 loan at 24.99% APR repaid in 60 monthly installments, with a monthly payment of $176.07. That is an example, not a quote for another borrower. Current customers may receive different options if they already have an active loan.

OneMain’s rules also exclude some uses. Loan proceeds cannot go toward postsecondary education expenses, business or commercial purposes, cryptocurrency, securities, derivatives, speculative investments, gambling, or illegal activities. People covered by the Military Lending Act, including active duty service members and covered spouses or dependents, cannot pledge a vehicle and are not eligible for its secured loans. OneMain was founded in 1912 as Commercial Credit Company, is headquartered in Baltimore, and has 1,300 additional branches across 44 states.

Best Egg: home fixtures or vehicle equity

Best Egg’s homeowner secured loan uses qualifying fixtures inside the home, such as built in cabinets, light fixtures, and bathroom vanities, rather than the home itself. That structure avoids the foreclosure risk associated with a home equity loan, according to the product description. A homeowner can qualify for an average APR discount of 20%. The loan must be paid in full if the borrower sells the home, although payoff can happen during closing if the sale proceeds are sufficient.

Best Egg lists a minimum credit score of 640, loan amounts from $2,000 to $50,000, terms from 36 to 60 months, and origination fees from 0.99% to 9.99%. Its listed APR range is 6.99% to 35.99%. These limits describe the homeowner secured offer, not every Best Egg secured product.

A separate auto secured loan allows borrowing up to 250% of the vehicle’s value, capped at $100,000. That product has an APR range of 10.99% to 29.99%, a minimum loan amount of $2,000, and terms from 24 to 84 months. Best Egg was founded in 2014 and is headquartered in Wilmington, Delaware. It does not require membership.

First Tech Federal Credit Union: savings, certificates, or stock

First Tech offers three types of secured borrowing, each tied to a different asset. Savings secured and certificate secured loans allow borrowing from $500 to $500,000, generally limited by the amount already held in the related account. Their starting APR is 3% plus the rate paid on that account. The savings loan can run for up to 96 months; a certificate loan can run until the certificate reaches maturity.

The stock secured loan is the option with the highest stated ceiling: a borrower can access up to 75% of eligible stock value, up to $1 million. Eligible shares must be listed on the New York Stock Exchange, the NYSE American, or Nasdaq. The product has a $25,000 minimum loan amount, a 6.99% minimum APR, and a maximum repayment period of 12 years. It has no origination fee, annual fee, or prepayment penalty, but its minimum borrowing amount and interest cost can make it a poor fit for smaller needs.

The general First Tech comparison lists amounts from $500 to $50,000, APRs from 6.99% to 18.00%, and terms from 6 to 84 months. Those figures do not capture every product limit, so identify the specific account or stock product before treating the broad listing as applicable. Membership is required. Eligibility includes working for a First Tech partner employer or the State of Oregon; living or working in Lane County, Oregon; having a First Tech member in the family or household; or joining the Computer History Museum or Financial Fitness Association. First Tech was founded in 1952 and is headquartered in Hillsboro, Oregon.

Eligibility, costs, and practical steps before applying

Start by matching the loan to an asset you are prepared to pledge. Patelco and First Tech rely on savings or investment accounts, Best Egg can use home fixtures or a vehicle, Upgrade requires a car, and OneMain accepts several vehicle categories. Owning an eligible asset is not enough by itself: title, insurance, account balance, appraisal, location, membership, and credit requirements can all affect approval.

Then compare the full loan cost. Origination charges reduce the amount you receive or increase the borrowing cost. A $10,000 approved loan with a percentage fee, for example, would not necessarily put $10,000 in the borrower’s account, depending on how that lender collects the charge. Use the actual fee in the offer rather than assuming the listed maximum or minimum applies. Check for late fees, and ask whether autopay or debt payoff changes the APR.

• Request a written quote showing APR, amount financed, monthly payment, term, and total repayment.
• Confirm whether the rate already includes autopay, debt consolidation, homeowner, vehicle, or account related discounts.
• Ask what happens to the collateral during repayment and how it is released after the balance is paid.
• Check whether a sale, missed payment, or account withdrawal could trigger repayment or put the asset at risk.
• For credit union offers, verify membership eligibility and any account opening steps before applying.
• Compare prequalification options and ask whether the lender will make a hard credit inquiry at each stage.
• Keep monthly payments within a budget that still leaves room for essential bills and unexpected costs.

Automatic payments can qualify for a discount with some lenders and can help avoid a missed due date. The discount is not a substitute for checking that funds will be available in the payment account. For a secured loan, a missed payment can have consequences beyond a negative mark on a credit report because the pledged asset is involved.

Secured credit can provide access to money when credit history is limited, but it is not the only consideration. A borrower with weak credit may still receive a high APR, and the application can come with fees. Be cautious of a lender that pressures you to sign quickly or will not clearly explain the collateral rules and repayment cost.

Which asset is worth putting behind a loan?

The choice comes down to whether an offer’s actual cost and payment schedule justify placing that particular asset at risk. A lower advertised starting APR does not settle the question if the origination fee is large, the borrower does not qualify for the discount, or the loan has a short payoff deadline after a home sale. Check product specific terms, confirm eligibility, and compare written offers before committing collateral.