Passbook Savings Loan

A Passbook savings loan is a type of credit product that allows individuals to use their savings as collateral for a loan. This type of loan typically has a lower interest rate than other types of loans, making it an attractive option for borrowers who are looking to rebuild credit. Additionally, the funds in the borrower's savings account are still accessible during the term of the loan, providing the borrower with flexibility in case of an emergency.

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