What is a Personal Line of Credit?

A personal line of credit is a flexible loan that gives you access to funds up to a certain limit. Unlike a traditional loan where you receive a lump sum, a line of credit allows you to borrow what you need, when you need it—and only pay interest on what you use.

Key Benefits of a Personal Line of Credit

• Quick Access to Funds: Once approved, you can draw from your line of credit at any time without needing to reapply. It’s a ready-to-use safety net for life’s unexpected expenses.
• Peace of Mind in Your Pocket: Knowing you have a financial backup in place helps reduce stress during emergencies or short-term cash needs.
• Only Pay for What You Use: Interest is only charged on the amount you borrow, not your full credit limit, making it a cost-effective way to access funds.
• Low, Competitive Rates: RTFCU offers a competitive 7.90% APR*, helping you save on interest compared to high-rate credit cards.
• Automatic Overdraft Protection: A personal line of credit can be linked to your RTFCU checking account, offering added protection from overdraft fees.

Simple Application Process: We make it easy to apply, with local decision-making and friendly service every step of the way.

Who Should Consider a Personal Line of Credit.

If you want financial flexibility without the high interest of credit cards, a personal line of credit is a smart choice. It’s ideal for covering surprise expenses, managing irregular income, or simply having a cushion you can count on.

^{_{Membership eligibility required. Federally insured by NCUA. Equal Housing Lender. APR* Annual Percentage Rate. Membership eligibility & credit approval required. *Rates are subject to change.}}