A personal line of credit offers convenience and flexibility when you need it most. Borrow against your line to pay for unforeseen expenses, large purchases, or that special occasion.
Rates as of Monday, February 4, 2019
|Product Description||Interest Rate||Annual Percentage Rate||Payment per $1,000||Apply|
|Personal Line of Credit|
|Personal Line of Credit||7.250%||7.250%||$13.76|
A personal line of credit is subject to credit approval. The rate will be determined by your credit history. Monthly payment example of $120.83 is based on 3% of principal plus interest for a $20,000 line of credit at 7.25%. The Interest rate will be determined by your credit history and amount borrowed. The Annual Percentage Rate (APR) of 7.25% is a variable rate based on the Wall Street Journal’s Prime Rate plus 1.75%. To receive the advertised rate, you must pay down at least $2,500 of third party debt (debt must carry a higher interest rate) and have auto pay from a United Bank Premier Checking account. As of 12/20/2018, Prime Rate is 5.50%. The minimum APR is 4.00%. The maximum APR that will apply during the life of the line is 21.00%. This rate requires a minimum line amount of $15,000, a maximum line amount of $20,000, and a minimum credit score of 740. $50 Annual Fee applies. Fee may be waived with a United Bank Premier Checking account. Rates are based on creditworthiness, so your rate may differ. If you would like to tie your line to a checking account for overdraft protection, your rate may be higher. Other terms and rates may be available. Please ask for more details.