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.
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.