CD Secured Loan

CD Secured Loans

If you want to establish good credit, here is a great idea: establiush a Mercantil Bank Certificates of Deposit (CD) and open a CD Secure Loan. You can borrow up to 100% of the value of your CD. This means that a Mercantil Bank CD Secured Loan is an extremely attractive and affordable way to establish good credit for those major purchases such as buying a car or home. Also, the interest you earn on your CD will help offset the interest you pay on your loan.