Personal Line of Credit

Overview

Added peace of mind

Open a SEFCU personal line of credit and forget about bounced checks (and their fees).

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access up to

$30,000

Features & Benefits

Use as overdraft protection

Creates a reserve to tap into when needed—up to $30,000
Avoid bounced checks and their fees
Once the line of credit is exhausted, we’ll attempt to transfer* funds within the same account number to cover the transaction ^†
Access your funds by writing a check or using your SEFCU Debit Mastercard^®
No repayment or interest until you access the money

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Rates

Current Rates

Loan Sub-Account Description	Percent Above Index	Daily Periodic Rate	Present APR** as Low as
Rate may vary based on credit worthiness	5.50%	0.023973%	8.75%

Compare

See which is best for you

Personal Line of Credit

Borrow $500-$30,000
Draw on credit as needed
No interest until you draw on the credit
No payments until you draw on the credit

Personal Loan

Borrow $500-$30,000
Receive the entire amount in one lump sum
Interest payments begin right away
Fixed repayment schedule

Apply Now

Apply for a SEFCU Personal Line of Credit today

Current SEFCU member?

Apply Today

Not a member?

Join SEFCU

Visit a branch near you

Call 800-727-3328

Financial Education

Personal Line of Credit

Access cash when you need it

Connect to checking account to avoid overdrafts

Credit lines from $500-$30,000

Apply

View Lines of Credit

More to think about...

Payment Protection

Keep Credit Strong

Helps cover credit card bills

Protects against covered life event or disability

Payment Protection

New Car Loan

Buying a New Car?

Lower interest rate than a Personal Loan

Payments can be spread out up to 84 months

View New Car Loans

Home Equity Line of Credit

Use Your Home for Credit

Access extra cash when needed

Fixed and variable rates available

Use Your Home for Credit

* Federal regulations allow only six electronic transfers per month from each savings account.

** Annual Percentage Rate is variable and is subject to change quarterly based on the Prime Rate in the Wall Street Journal on the first day of January, April, July and October. Prime Rate plus 5.5%, currently as low as 8.75% as of today – April 5, 2020 – and subject to change without notice.

^†These transfers are subject to a fee as shown in the SEFCU fee schedule.

Each member on the account must apply for the Personal Line of Credit.