Personal Line of Credit
 *Up to $10,000.00

When you take advantage of a Lehigh Valley Educators Credit Union Personal Line of Credit, you can borrow the money you want anytime you need it, without the hassle of making a special trip to the credit union. With our unsecured Personal Line of Credit you can establish a credit limit from $500 to $10,000. And you only need to apply once! It's a quick, flexible, and easy way to get the money you need, when you want it.

To set up your Personal Line of Credit, you will need a credit union Share Draft/Checking Account. Our full-featured checking account has no monthly service fee or per check charges. And with your new Personal Line of Credit, you'll enjoy "automatic" overdraft protection. Add our ATM/Visa^® Check Card for a convenient combination! You can also access your line of credit using "ART", the credit union Audio Response Teller, and E-Tran.

Applying for a loan:

• Apply online
• Click here for loan FAQ
• Click here for loan calculators

Rate & Term Information:
 
Our Personal Line of Credit has a variable rate. The rate is based upon the prime rate as published in the Money Rates section of the Wall Street Journal on the 15^th business day of each month, plus 7.00% (margin).
 
Your Minimum Monthly Payment will be based on your outstanding account balance after your most recent advance and will be determined according to the following table, subject to the lesser of the minimum payment shown or your account balance.

Outstanding Account Balance and Minimum Payment Amount

$ 50.00 - $1,250.00 equal to minimum payment of $ 25.00
$1,251.00 - $2,500.00 equal to minimum payment of $ 50.00
$2,501.00 - $3,750.00 equal to minimum payment of $ 75.00
$3,751.00 - $5,000.00 equal to minimum payment of $ 100.00
$5,001.00 - $6,500.00 equal to minimum payment of $ 130.00
$6,501.00 - $8,000.00 equal to minimum payment of $ 160.00
$8,001.00 - $10,000.00 equal to minimum payment of $ 200.00

All Personal Line of Credit Payments are due on the 25th of each month.