
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
Regions Deposit Secured Loan details
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Interest rates
Fixed APR based on loan amount, term and collateral securing the loan.
- CD secured, all loans amounts: CD rate + 3.75%
- 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.
Fees
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.
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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.
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Repayment occurs monthly and the amount varies based on:
- Terms
- APR
- Loan amount
Terms
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.
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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.

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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.