Unsecured Line of Credit Info
The main requirements to apply for Fifth Third Bank's unsecured line of credit are to have an eligible Fifth Third Bank checking or savings account and to meet the asset test.
With this line of credit you can obtain up to $100,000 or 10% of your liquid assets. The monthly payments of this revolving credit only include interest and you have up to 5 years to use it in a discretionary manner. After that period, you have 10 years to use the line of credit.
The unsecured line of credit includes a $65 annuity that you can avoid if you have a Preferred Checking account and are eligible for the monthly fee waiver at the time this fee is calculated.
In addition, your account with this bank must be in good standing. If you want a 0.25% interest rate discount, you must activate automatic payments through the Auto Billpayer service. And if you have a Preferred account, you can get additional benefits on your loan applications.
Fifth Third Bank's unsecured line of credit is designed to be affordable, convenient and with favorable terms. It currently carries an interest rate of 10.50% to 12%.
Español: Línea de crédito no asegurada de Fifth Third Bank