Lines of Credit
Personal Lines of Credit
Travel emergencies . . . car repairs . . . taking advantage of a great investment . . . all of these are great reasons to have access to additional cash with a personal line of credit. With a line of credit you can borrow up to a pre-established limit without running into costly overdrafts.
Some of the features:
- No minimum LOC limit
- Your money is simply an extension of your account, no need to transfer funds
- Interest is charged only on the amount you use
- Interest only payments may be allowed
- Flexible repayment options
- No prepayment penalties
- Payoff the line of credit and its yours again as a cushion whenever you need it
- Variable, competitive interest rates based on the security offered and your responsible credit history