Line of Credit
Pay only on the amount used
Line of Credit
Pay only on the amount used
With a Line of Credit, you only pay on the amount used
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Overview
With a Line of Credit, you only pay on the amount used. A Line of Credit loan gives you a revolving line of credit you can access any time, for any reason.
Details
- Borrow from $500 to $25,000
- Revolving credit which means that the amount paid back becomes available again without reapplying for the loan
- No pre-payment penalty
- Provides overdraft protection for checking account; convenient access via Online Banking
Resources
- Prepare for the Unexpected (Debt Protection)
- Save on Insurance Policies (Free Quote)
Tools
- Calculate Your Payments (Calculator)
- Should You Consolidate Debt? (Calculator)
- Create a Budget (Worksheet)