Get fast access to your Personal Line of Credit with advances into your Bonus Checking Account.
Personal Line of Credit
Access Money When You Need It
Bridge the gap between available funds and unexpected expenses
Access
Withdraw funds when you need them
Manage
Consolidate debt or manage cashflow
Flexible
Pay early or make scheduled payments
Transfer Funds When You Need Them
Demand for cashflow is high. The combination of expenses, employment concerns, and irregular or seasonal income create gaps in available money. A personal line of credit gives you the ability to quickly transfer funds into a Bonus Checking Account, Money Market Account or Select Savings Account.
Plan with a Personal Line of Credit to help bridge any gap between available funds and unexpected expenses.
Affordable Capital
- Rates as low as 6.25% APR*
- Maximum loan amount is $30,000
- Monthly payments are variable and based on the amount transferred
Flexible access and payments
- Withdraw funds as needed (no lump sum requirement)
- No early payment fees
- Funds can be transferred into a Civic deposit account
You know that details matter. [And you are in good company.]
Here are a few frequently asked questions:
How long can I use a personal line of credit?
The Civic personal line of credit can be used for 10 years.
How is the payment calculated?
Here is the math: payments for the personal line of credit are 2.5% of the outstanding principal balance, plus any interest that has accrued.
Can I use this account as an overdraft option?
Yes, this account can be used to protect your Bonus Checking account from any unplanned purchases. The authorized overdraft protection transfers money from a personal line of credit in $50 increments.
Do I have to advance the funds all at once?
Not at all. You can advance whatever amount you need from your available balance.
How do I access the funds?
For the fastest access, use online or mobile banking to transfer funds from your line of credit to any Bonus Checking, Select Savings or Money Market Account. If a check payment is preferred, contact the Experience Center and make a request for an official check. The requested check will be mailed to you at the address we have on file for your accounts.
What’s the difference between a personal loan and line of credit?
In a nutshell, one is a lump sum and the other is as-needed. A personal loan distributes your loaned funds in one lump sum. A personal line of credit is a revolving loan where you can draw from or advance the money you need, up to your available amount.
Terms & Conditions
* Subject to approval. Rates and credit limit are evaluated based on member’s credit history. Borrowers must be at least 18 years old and live in NC, SC, GA or VA.