Find the right lending solution for your needs.
A loan gives you the total amount you are borrowing up front and requires fixed monthly payments throughout your loan term.
Loan Amount and Loan to Value
CD/Savings Secured Installment Loan:
- Minimum: ≥$2,000
- Maximum: 100% of available funds in account
- Maximum Loan to Value: Up to 100% of account balance
Terms and Repayment
CD/Savings Secured Installment Loan:
- Minimum term: 12 months
- Maximum term: 60 months
- Repayment – choose one of the following options:
- Equal monthly payments to fully amortize the loan up to 60 months
- Interest-only monthly payments – 12 months
Collateral
- First Horizon Certificate of Deposit
- First Horizon Savings Account
- Minor/Custodian CDs and Bump CDs CANNOT be used as collateral
Notes
- Savings secured loans have a fixed rate
- The maturity date of the loan cannot exceed the maturity date of the CD by more than 30 days
Fees
- Fees may apply
