Preferred Line of Credit Info
If you are an existing Regions Bank customer, you can apply online for this unsecured line of credit. Otherwise, you can apply by phone or by visiting a branch.
Interest rate is adjustable and is determined by adding a margin to the Prime Rate, that can range from 5% to 18%.
This line of credit has no origination, prepayment or NFS fees, but does have the following fees:
- Annuity: $50
- Late payment: $35
- Over credit limit: $29
Along with these features, you have to add what you get from this banking institution. In addition to the flexibility it gives you, you have convenient services (mobile/online banking, +1900 ATMs, direct deposit, Bill Pay, etc.) and the dedicated attention of professionals who will guide your decisions.
Regions Bank Preferred Line of Credit is a very useful tool for obtaining liquidity when you need it most. When you don't reside in the 16 states where Regions Bank operates, you have to look for other alternatives, which you can find using Busconomico's accurate information.
With this bank, you can also get a secured line of credit, with fewer requirements.
Español: Línea de crédito Preferred del Regions Bank