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Personal Line of Credit

Extra Money When You Want It

With a personal line of credit, you can write your own loan, up to a pre-approved loan limit, simply by transacting on your account — regardless of your checking account balance.

A Personal Line of Credit also protects against embarrassing overdrafts and expensive overdraft fees by automatically transferring cash to your account when transactions exceed your balance (up to the amount of your pre-approved limit).

Funds will automatically be transferred to your checking account in increments of $100, up to the amount of your pre-approved limit, when the transactions on your account exceed the available balance.

Repaying your personal line of credit is easy. A monthly payment — $25 or 5% of the balance, whichever is greater — will be deducted automatically from your account balance 24 days after your checking account statement is prepared. The payment amount includes payment of principal and interest. Subtract this amount from your checking account balance.

Additional payments may be made by making a deposit to your checking account and indicating that it is a payment to be applied to your personal line of credit balance. Detailed interest, fee and payment information is disclosed on the application.

Start the Application Process

Follow the link below for a printable application and take the completed application to your local NEBAT office.

Personal Line of Credit Application

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