U.S. Bank personal line of credit Info
Just as U.S. Bank customers can avail of a personal loan with very favorable conditions, they can also avail of the Personal line of credit, with which they can have up to $25,000 dollars to use for any need that may arise.
Drawdowns are immediate and can be made in a variety of ways, such as using an ATM, going to a U.S. Bank branch, using the Visa Access card, accessing the personal area of the bank's website, writing Personal Line Access checks or using the bank's downloadable smartphone app.
The interest rate, currently at 12.25% APR, is variable, so it may vary during the term of the contract, based on the Prime Rate published by the Wall Street Journal, to which a spread or margin is added.
This product does not apply any charge, neither for the opening nor any annual fee. There is also no fee for withdrawals.
As mentioned above, in order to access this line of credit, you must be a customer of the financial institution, so if you are not already a customer, you must first open an account with U.S. Bank.
Español: Línea de crédito Personal de U.S. Bank