Greater Central Texas Federal Credit Union is a Killeen-based credit union offering user-friendly auto loans with flexible loan terms and affordable interest rates. If you are looking for a secured car loan in Texas, we can help you get one with our quick loan processing and easy approval. Such a loan is taken against collateral, which is usually the car itself, but could also be some other asset such as your house, boat, property, etc. The basic requirements of such a loan are a verifiable source of income, steady employment, and long-term residence.

The major advantage of getting a secured auto loan from our credit union is that we make it possible for you to pay smaller amounts over a longer period, which is a key benefit for those with limited savings or a low income. We offer a high degree of flexibility in terms of payments, as well as other aspects of secured car loans. This gives you better control over your loan, and how you can pay it back. 
In addition to this, there are also greater chances of approval when you opt for a secured auto loan, since we have lower income requirements for secured car loans. This makes such a loan an ideal option for you if you have a significant income that does not show well on paper. Being a member-run, non-profit organization, our interest rates on auto loans are much lower than the average interest rates in the market. The end result is more dollars in your pocket by the end of the loan term, and a hassle-free experience all through.

We offer secured car loans on used as well as new cars. Our friendly and highly knowledgeable staff will guide you through the process of getting approved for a secured auto loan, while also providing you with valuable guidance regarding the best loan option for you. Ever since our establishment in 1957, we have gone on to become one of the most trusted credit unions in Texas. By opting for our secured car loan, you can be sure of getting the best possible deal, since we do not charge any hidden fees or additional costs. We further add to your convenience by offering easy online access, using which you can log on to make loan payments. Call us today at(254) 690-2274 to apply for the lowest secured car loan in Killeen, TX.

Secured loan is a type of loan where the borrower mortgages his asset as an assurance for the loan. Borrowers who consider a secured loan usually enjoy low interest rates and get fair tax deductions at the time of calculation of taxes.  Secure Loan is becoming very common due to its benefits for both the borrower and the loan provider. However many people are unaware of the necessary steps that should be taken before considering a secured loan.

Here are some tips to guide you regarding the necessary considerations for before obtaining a secured loan:

Create A Checklist:

There are many points that need to be considered before applying for a secured loan. These points may help you in taking a decision regarding the amount of loan to be taken or may change your decision for taking a loan altogether. The important points are:

• Check credit card balance transfers
• Check credit reference files
• Calculate the savings
• Make a budget
• Calculate the savings
• Calculate the amount to be borrowed

Analyzing the above mentioned steps can help you in deciding the need for a secured loan.

Search For A Reliable Secured Loan Provider:

There are many types of risks associated with applying for a secured loan, therefore it your responsibility to select the secured loan provider diligently. You should perform complete market research and collect information about the goodwill and trustworthiness of the loan provider. You may also compare the interest rates and amount of loan provided with similar loan providers.

Do the necessary enquiry:

After you choose the secured loan provider it is essential to enquire about the plan offered by them in detail. The enquiry includes time period of the loan, interest rate, options available for early payment of the loan and the exact amount of loan provided.

Read the agreement prior to signing:

Before signing the agreement it should be read properly to avoid any confusion after the procurement of the loan. Consider the terms and conditions in the agreement for prepayment penalties and clauses which may not be in your favor. The borrower should also set up a payment schedule after the procurement of the loan in order to avoid chaos related to the monthly loan payment and make the complete repayment stress-free.

We at Greater Central Texas Federal Credit Union provide secured loan to our clients at affordable interest rates. To know the secured loan options offered by us visit at 3305 E Elms Road Killeen, TX 76542 or call at ( 254 ) 690 - 2274.