Loan Options
Share Loans for Our Current Certificate of Deposit Customers
Abbeville Building & Loan in Abbeville, Louisiana offers share loans to its members as an alternative to traditional personal loans.
Share Loans
- Borrow up to 90% of the value of your new 12 month CD
- Pay an interest rate 2% higher than your Certificate of Deposit rate at account opening of the loan and will adjust to your current CD rate on the date of your required annual renewal
- In person visits are required for annual Share loans renewal
- Required quarterly interest payments
Share loans are secured by the member's Certificate of Deposit balance and offer competitive interest rates and quick access to funds. One of the many benefits of having your Certificate of Deposit (CD) with Abbeville Building & Loan is that you can apply for a Share Loan using your own money as collateral. These loans are designed to meet the short-term financial needs of the bank's members and provide an affordable and convenient loan option. Regardless of the Certificate of Deposit (CD) term, all Share Loans must renew annually.
Available for customers with a current Abbeville Building & Loan Certificate of Deposit account.
Equal Housing Lender | Member FDIC