Personal Line of Credit

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.

  • Annual fee of $50.00
  • No collateral required
  • Line amounts starting at $1,000
  • Interest rate discounts available with Automatic Loan Payments from a United Bank Checking account

A personal line of credit is subject to credit approval.  The rate will be determined by your credit history.  Monthly payment example of $716.67 is based on 3% of principal plus interest for a $20,000 line of credit at 7.00%.  The Interest rate will be determined by your credit history and amount borrowed.  The Annual Percentage Rate (APR) of 7.00% 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 8/19/2019, Prime Rate is 5.25%.  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. 

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