Share Pledge Loans
Borrow at Pelican's Lowest Rate
Use your Pelican savings as collateral and access one of the lowest loan rates available anywhere. A Share Pledge Loan lets you borrow against your own saving account balance, keeping your savings intact and earning dividends while you repay the loan.
Is a Share Pledge Loan Right for You?
A Share Pledge Loan works best for members who have savings they want to preserve and need access to funds at the lowest possible cost. Whether you're building credit from scratch, recovering from past setbacks, or simply want to borrow smarter, this loan is designed for you.
Why Choose a Share Pledge Loan
Borrow Smarter. Keep Your Savings.
Our lowest loan rates
Because the loan is secured by your own deposit, Pelican can offer the lowest rate in its portfolio.
Use your savings account funds as collateral
Your savings account serves as the security for the loan, making approval faster and your rate lower than any unsecured option.
Access funds without depleting your savings
You receive the cash you need upfront while your savings balance stays exactly where it is.
Keep earning dividends on your account
Your pledged savings continue earning dividends throughout the full life of the loan. Your money is working on both sides.
Helps establish or repair credit
Consistent, on-time payments are reported to the credit bureaus, helping you build or strengthen your credit profile over time.
Fast and easy approval
Enjoy a fast, straightforward application process backed by your deposit.
Get started with just your signature
Personal loans are also known as “Signature Loans,” because loans are secured by a member’s signature. Unlike a home or auto loan, there’s no collateral at stake when you secure a personal loan.
Use your Signature Loan to make headway on major payments. Just sign the dotted line and get the funds you need to facilitate life’s next logical step.
Personal Loan options
Borrow on Your Terms
Lower rates, fewer fees, and a full range of loan products. Find the right fit for what you need.
Explore Personal Loans OptionsPersonal Loans
Unsecured financing for almost any need, no collateral required. Flexible terms with rates based on your credit.
Explore Debt Consolidation OptionsDebt Consolidation
Combine multiple high-interest debts into one lower monthly payment. Simplify your finances and save hundreds of dollars a month.
Explore Personal Line of Credit OptionsPersonal Line of Credit
Revolving credit from $1,000 to $10,000. Access funds as needed, pay interest only on usage.
No algorithms. Just real lenders who know your name.
Every application is reviewed by a licensed lender on our team. There are no automated underwriting systems and no outsourced decisions. You get direct access to the person handling your file, flexible repayment terms, and no prepayment penalties on most loans.
