Personal Line of Credit Info
The biggest advantage of the BMO Harris Personal Line of Credit is that it works like a credit card. This means that you receive a set limit to withdraw money over and over again as you pay back what you are given.
The only document you will be asked for is a valid ID that indicates your current address. It is also important to have a credit history that shows your level of responsibility.
If you live in Arizona, California, Colorado, Florida, Idaho, Illinois, Iowa, Indiana, Kansas, Minnesota, Nebraska, Nevada, New Mexico, North Dakota, Missouri, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin or Wyoming, the APR varies by state, but the process is the same:
- Visit a branch or call to apply.
- Receive personalized attention on how to proceed
- Wait to receive approval for funding
To access the funding you are given, you can transfer from the loan account to your checking account. You can do this online, at a branch, by mobile banking, by phone or by check (you receive a checkbook in 7-10 days). In addition, you can get a 0.25% discount on the APR if you activate Auto Pay to repay.
The BMO Harris Bank Personal Line of Credit is a valuable resource if you want revolving credit and are not interested in a credit card. These banking products are common in many institutions and you can check the best rated ones at Busconómico.
Español: Línea de crédito personal de BMO Harris