Investor Relations Locations Rates Contact Personal Business Connect About Log In Personal Secured Loans Rates Contact us Home Personal Borrow Personal Secured Loans Pages within Borrow Personal Secured Loans can be a smart way to borrow money. Planning a vacation, a new swimming pool or financing a wedding? Our highly competitive rates and personalized service makes PCSB Bank the obvious choice for a personal loan. Rather than draining your savings account or cashing in a CD, a secured loan can be the answer for a variety of financial needs. Personal Loans We offer secured loans Competitive personal loan rates Flexible terms Secured Loans Use the funds from your PCSB savings account, certificate of deposit (CD), cash surrender value of life insurance (CSVLI), a recreational vehicle, equipment or other qualifying assets as collateral to borrow instead of withdrawing your money. A secured loan is also an ideal way for many people to establish credit. Flexible repayment terms are available and you can use the money for anything you like. Visit one of our branches in Westchester, Putnam, Dutchess or Rockland County or contact us today to learn more about our personal loan offerings. 7 Month CD Rate Special 0.15% APY View Rates (opens in a new tab) Loan Comparison Calculator Financial Calculators from Dinkytown.net Financial Calculators ©1998-2021 KJE Computer Solutions, Inc. Definitions Loan amount The total dollar amount for this loan. Interest rate The interest rate on this loan. Loan term The number of years over which you will repay this loan. The most common terms are 15 years and 30 years. If this loan has a 'balloon' payment, the loan term will be shorter than the number of years to amortize the loan. For example, a loan with a 5-year term amortized over 30 years will have the same monthly payment as a 30-year loan with the same interest rate. The difference is the 30-year loan will have equal payments for 30 years. The 5-year loan will have equal payments for 5 years and then a very large, or balloon, payment for the remaining balance. Amortization The number of years used in calculating the monthly payment. Loans that are amortized over a longer period than their loan term have a balloon payment. See 'Loan term' for more information. Origination fee The dollar amount charged as a loan origination fee, which is included in the annual percentage rate (APR) calculation. For many loans a 1% origination fee is common. For example, a 1% fee on a $120,000 loan would cost $1,200. Commitment fee An upfront fee included in the APR calculation. Other fees Fees included in the APR calculation. These fees can vary by lender but, at a minimum, usually includes prepaid interest. Other costs Any other costs that should be included in the APR calculation. Closing costs Total of all closing costs for this loan. Balloon payment This is the total final payment for all loans that are amortized over a period of time longer than the loan term. The balloon payment is total interest and principal balance due at the end of the loan term. (If the loan term is the same as the amortization, this amount is always zero.) Annual percentage rate (APR) A standard calculation used by lenders. It is designed to help borrowers compare different loan options. For example, a loan with a lower stated interest rate may be a bad value if its fees are too high. Likewise, a loan with a higher stated rate and very low fees could be an exceptional value. APR calculations incorporate these fees into a single rate. You can then compare loans with different fees, rates or terms. Disclaimer Please speak with a PCSB lending representative for specific details and loan term options. Home Mortgages Calculate your mortgage payment. Learn More Call914-248-7272 EmailContact Us VisitLocations Reach Out Contact Us Locations Reorder Check PCSB Bank Corporate Headquarters 2651 Strang Blvd. Yorktown Heights, NY 10598 Routing Number: 221970980 Learn More Team News Community Careers Cash Management Investor Relations Go Digital Join in the conversation with PCSB’s social media channels: Facebook Twitter LinkedIn YouTube Online Banking Mobile Banking Take PCSB with you by downloading our mobile app: Privacy Statement Internet Security Website Accessibility Sitemap PCSB Bank is a full-service New York bank with locations throughout Westchester, Putnam, Dutchess and Rockland Counties. Explore checking accounts, savings accounts, auto loans, personal loans, mortgages, business bank accounts, business loans, cash management services and more. Bank online, with our mobile app, or visit one of our conveniently located branches in the Lower Hudson Valley. Copyright © 2021 PCSB Bank. All Rights Reserved. Site by ZAG Interactive Website - Opens in New Window