Personal Line of Credit
Flexibility to borrow what you need when you need it.
No matter what you need money for, TEG can help with a Personal Line of Credit. You can draw from these funds when you need to up to your approved maximum amount. Once you pay back borrowed funds, that amount is again available for you to borrow. Flexibility is key: you choose when to take out the money, then pay it back and repeat!
| Cashline Personal Line of Credit | |
|---|---|
| Best For | A Cashline Personal Line of Credit is best for those who need or want flexibility to borrow what they need, when they need it. Borrow up to your credit limit, borrowing and repaying funds as many times as you like. |
| Amount | Pre-approved revolving credit limit up to $20,000 |
| Interest Rate | Variable rate based on prime rate, plus a margin |
| Payments | Based on the amount you actually use, not on amount of your LOC |
| Fees | None |
| Apply Now |
How To Use a Personal Line of Credit
Home Improvements
Not sure yet about the exact budget for your home project? A personal line of credit lets you borrow what you need, when you need it.
Unexpected Expenses
Enjoy quick access to funds when you need them the most. Everything from medical expenses to moving expenses. We have you covered.
Weddings
Make your wedding day special without breaking the bank. A low-rate personal line of credit makes it easy to budget almost any wedding expense.
Quick, Convenient, and Secure Application
Fill Out Application
Stop by a local branch, give us a call or fill out our easy online application.
Submit Documents
We’ll talk to you, review your specific financial situation and credit history to determine eligibility.
Begin Using Your Line of Credit
Once your credit limit and interest rate are set, you’re ready to start putting your personal line of credit to work for you!
Looking to consolidate debt? Consider a Personal Loan.
Have you been denied a loan by another credit union or bank because they felt your credit score was not up to par?
At TEG, we believe in taking the time to get to know you as a person – not just a credit score. We promise fair and compassionate service. We’ll help you identify a plan that will get you APPROVED in just a short period of time!
