Collateralized Loan

Buy what you need as you build up your credit.

Your savings can leverage some extra cash.

Pay the bills or make a special purchase with an affordable loan that's based on the balance in your Patriot Bank Certificates of Deposit.

  • Affordable rates
  • Rebuild your credit
  • Leave your savings intact

Take a big step toward solidifying your financial standing

If you're just starting your financial journey - or have dealt with a setback or two - a good way to raise your credit score is by making timely loan payments. At Patriot Bank, we lend money at competitive rates to customers who have built up their Certificate of Deposit balances. You'll get funds needed to cover expenses or purchases while giving your hard-earned savings more time to grow.

  • Loan collateral* provided by your Patriot Bank Certificate of Deposit
  • Minimum credit amount of $5,000
  • Maximum credit amount of 90% of the CD balance
  • Comes with on-demand terms

Patriot Bank is a full-service financial institution with branches in the Connecticut counties of Fairfield and New Haven, as well as in Scarsdale, New York.

* This is not a loan commitment. All loan requests require an application and are subject to the Bank’s credit underwriting process for the requested loan.