Want a quick loan at a low interest rate and little paperwork? Have no or little credit history? Buying a used car and don't want to carry full coverage insurance? These are just some of the reasons a share secured loan can be beneficial to you. Just pledge the funds you have on deposit for the loan balance and receive a low rate and little paperwork. The rate is only 2% above the earnings rate of the pledged account. Any share balance above the loan balance is normally available for withdrawal.