Personal Lines of Credit
We offer revolving lines of credit, allowing you to borrow, repay, and borrow again depending upon your cash flow. Many of our customers find that having a personal line of credit in place provides an attractive source of liquidity to deal with unexpected events, a ready reserve of cash that can be immediately used as needed. With a personal line of credit, you can quickly take advantage of investment opportunities that might be time sensitive.
Our personal lines of credit are available with the following options:
- Secured or unsecured
- Floating rate - based upon the Wall Street Journal Prime Rate, and are typically one-year terms with annual renewals
- Maybe integrate with your deposit accounts- advancing funds as needed to cover checks and other types of payments
- Interest rate discounts for automated loan payments
Please call or stop by our office to learn more about how a personal line of credit might assist you in achieving your financial goals.