Deposit Secured Loan

A fixed-rate loan, secured with a Regions CD, savings account or money market.[1] Receive up to 100% of the available balance in the deposit account securing the loan minus any loan fees. 

Regions Deposit Secured Loan at a glance

One lump sum

Receive all the funds up front and have predictable monthly payments.

Low, fixed interest rates

Collateral-based loans typically mean lower interest rates.

Let your savings keep earning

Keep earning interest in the savings or money market account you use to secure the loan.

Build Credit

Improve your credit when you use your account responsibly.

Regions Deposit Secured Loan details

  • Interest rates

    Fixed APR based on loan amount, term and collateral securing the loan.

    • CD secured, all loans amounts: CD rate + 5.50%
    • Savings secured, loan amounts of $250 - $2,999: 6.00%
    • Savings secured, loan amounts of $3,000+: 4.00%

    View Regions Deposit Secured Installment Loan product details.


    Loan processing fee: $0

    Return item fee: $15

    Late fee: 5% of the unpaid loan amount or $100, whichever is less.

    Note: A late fee is assessed if you don't make your payment within 10 days after the payment due date shown on your periodic statement.

    Rate discounts

    Rate discounts are available for loan amounts of $5,000 or greater if you elect to have your monthly payments automatically debited from your Regions checking account through our Automatic Payment Option during the application process. The amount of the discount varies based on your type of relationship with Regions, ranging from 0.25% up to 0.50%.

    Note: This rate discount is not available when the Automatic Payment Option is established after the loan or line of credit has been opened.

  • Minimum Deposit Secured Loan Amount:

    Secured by Time Deposit (CD) - $2,000

    Secured by Savings Secured Loan - $250

    Secured by Money Market Secured - $250

    Maximum Deposit Secured Loan Amount

    Up to 100% of verified available balance in your collateral account minus any loan fees.

    Collateral requirements

    Region's savings account, CD or money market account. The pledged collateral amount will not be available for withdrawal during the life of the loan. Your savings, CD or money market account will continue to earn interest.

    Access to funds

    You will receive the full amount (one lump sum) of your approved loan amount at the time of closing. Closing must take place in a Regions branch.

  • Repayment occurs monthly and the amount varies based on:

    • Terms
    • APR
    • Loan amount


    Terms may vary based on loan amount.

    Automatic Payment Options

    Allows you peace of mind that your payments will be automatically debited from your checking account each month. If your checking account is a Regions checking account, you may qualify for a rate discount.

    Already have your account and want to set up an Automatic Payment Option? Access the Automatic Debit Authorization form, then complete, print and follow the directions in the form to process your request.

  • Current Regions customers can apply online, by phone or in a branch

    Current customers can apply in a branch, online or by phone for a Regions Deposit Secured Loan. Apply by phone at 1-888-462-7627 Monday – Friday from 6 am to 7 pm, Saturday 8 am to 2 pm.

    Non-customers can apply by phone or in a branch

    Non-Regions customers can open a deposit account with a verifiable balance in order to apply for a Regions Deposit Secured Loan online. Find a branch or make an appointment with a banker to learn more. Apply by phone at 1-888-462-7627 Monday – Friday from 6 am to 7 pm, Saturday 8 am to 2 pm.

Build credit without taking on debt

Interested in ways to help build credit without taking on debt? Learn more about Self, a financial technology company that offers the Rent and Bill Reporting tool, a service that can help you build your credit history by reporting payments you already make.[2]

With a Self “Rent and Bill Reporting” subscription[3] you may be able to build your credit history by continuing to pay your rent, cell phone and utilities payments the same way that you always have.

Learn more about how Self can help you build your credit

How does a Regions Deposit Secured loan work?

The approved loan amount is determined by the available balance in either your Regions Savings, CD or Money Market account. A fixed interest rate begins accruing at that time your funds are deposited, and you pay the loan back (plus interest) over your monthly term. Not sure that’s what you need? Compare all our personal loans side by side.