Flexible Funds When You Need Them
Access funds when you need them with a flexible revolving line of credit designed for life's unexpected expenses.
A Personal Line of Credit gives you ongoing access to funds up to your approved credit limit. Unlike a traditional loan, you only borrow what you need and only pay interest on the amount you use. It's a flexible financing solution for planned expenses and unexpected costs alike.
How a Line of Credit Works
- Apply one and receive a credit limit.
- Borrow oly what you need.
- Repay at your own pace according to your agreement.
- As you repay, those funds become available to borrow again.
Flexible Access
Borrow only what you need when you need it.
Revolving Credit
Available credit replenishes as you repay your balance.
Competitive Rates
Enjoy affordable borrowing from your local credit union.
A Personal Line of Credit may be a good option if you want to:
- Cover unexpected expenses
- Manage cash flow between paychecks
- Pay for home improvements
- Consolidate smaller expenses
- Have emergency funds available
Compare Your Options
| Personal Line of Credit | Personal Loan |
|---|---|
| Borrow as needed |
Receive a lump sum |
| Revolving credit | Fixed amount |
| Reuse available credit | Reapply for new funds |
| Pay interest only on what you borrow | Interest on full loan amount |
Frequently Asked Questions
What is a Personal Line of Credit?
A Personal Line of Credit provides ongoing access to funds up to your approved credit limit. Unlike a traditional loan, you only borrow what you need and only pay interest on the amount you use. As you repay your balance, your available credit is restored, allowing you to borrow again without needing to reapply.
How is a Personal Line of Credit different from a Personal Loan?
A Personal Loan provides a one-time lump sum that is repaid through fixed monthly payments over a set term. A Personal Line of Credit allows you to borrow funds as needed up to your approved credit limit, making it a flexible option for recurring or unexpected expenses.
What can I use a Personal Line of Credit for?
You can use a Personal Line of Credit for many expenses, including emergency repairs, medical bills, home improvements, unexpected expenses, or managing short-term cash flow. The funds are available whenever you need them, giving you added financial flexibility.
Do I pay interest on my full credit limit?
No. Interest is charged only on the amount you borrow, not on your entire approved credit limit. If you haven't used your available credit, you won't pay interest on those unused funds.
When should I choose a Personal Line of Credit?
A Personal Line of Credit is a good choice when you want flexible access to funds over time instead of receiving one lump-sum loan. It's especially useful for ongoing projects, emergency expenses, or situations where you're unsure exactly how much you'll need to borrow.
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Ready to Access Flexible Financing?
Whether you're planning for the unexpected or simply want funds available when you need them, a Personal Line of Credit can provide the flexibility you're looking for.
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