Beware of spoof callers. We will NEVER call to confirm your debit card number, PIN or online banking login information. Even if the call looks like it’s from CU SoCal, do not share your information Learn More
Skip nav to main content.

Do you need to have collateral to get a personal loan?

There are two types of personal loans, unsecured and secured. An unsecured loan doesn’t require the borrower to pledge any collateral to secure the loan. A secured personal loan requires an item of value (such as a car or house) or a savings account be pledged as collateral to “secure” the account.