Ready Reserve is an unsecured line of credit or loan that’s great for short-term use. The total amount available to you is determined by your credit history and cannot exceed $5,000.
The best thing about Ready Reserve is the convenience – it’s there when you need and there when you don’t. Ready Reserve automatically advances from your credit line to your checking account in increments of $100. There is no set maturity date and you never need to reapply provided that you maintain good account standing.
A minimum payment of 5% of your outstanding principal balance is automatically deducted from your checking account each month. You can also pay down your Ready Reserve balance anytime 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.