Personal Line of Credit
Need more flexibility for larger purchases? A Personal Line of Credit works like a Ready Reserve and can be either secured or unsecured. The total amount available to you is determined by your credit history with a minimum of $5,000 and maximum of $50,000. Your interest rate is variable. A Personal Line of Credit automatically advances from your credit line to your checking account in increments of $500 and matures after 5 years.
A minimum payment of 2% of the outstanding principal balance is automatically deducted from your checking account each month. You can also pay down your Personal Line of Credit balance with no prepayment penalty.
E-mail your completed application to one of our personal lenders below or drop it off at your local Northwestern Bank location.