Personal Line of Credit

A Personal Line of Credit (PLOC) from Oregon State Credit Union is a loan that gives you lots of flexibility to pay for all kinds of expenses, including: special projects or emergencies, overdrafts or to build credit.

Apply today: call 800-732-0173 or visit a branch.

Revolving convenience, easy access

It's like a credit card, offering you “revolving” convenience, but you don't have to deal with an actual card.

And there's no need to reapply when you need extra cash. Just transfer funds from your line of credit into your checking account when you need money.

  • Get a competitive variable interest rate.

  • Wide credit limit range: Borrow $250 - $50,000 based on credit qualifications.

  • No minimum draw amount required.

  • Easy access with checks: At a branch, online, phone or ATM.

  • No application or annual fee.

Personal Loan rates
Effective Date: Monday, February 26th, 2024
Loan typeAPR (Low)*APR (High)Repayment terms

Choose a branch to apply for a loan || Call 800-732-0173

Personal Loan 11.99% 19.24% 12-36 months
Personal Loan 16.24% 19.24% 37-60 months
Payday Advance 18.00% 18.00% Up to 30 Days
Personal Line of Credit (PLOC)** 12.25% 21.00% $25 or 2.50% of the total balance, whichever is greater.
Savings-secured loans:
  • The APR is set at 3% above the secured savings account's earning rate. There is a minimum periodic rate of .013699% which equals an Annual Percentage Rate of 5.0%. The credit union may offer other rates in the future. We may be able to match rates from other lenders. All loans are subject to approval.
Certificate-secured loans:
  • The APR is set at 3% above the certificate's earning rate. Advances secured by credit union certificates are made at a rate based upon the earning rate of the certificate. The Periodic Rate and the Annual Percentage Rate are set at the time of the advance that is the earning rate on the pledged certificate, plus 3%. For example, if you pledge an account earning 5.00% your Periodic Rate would be .021918% and your Annual Percentage Rate would be 8.00%. The actual rate will be disclosed on the Disbursement Receipt at the time of the advance.

About these Personal Loan rates

* APR (Low) indicates the lowest annual percentage rate you may qualify for on the loan. The annual percentage rates shown in the table are reflective of a range of rates available. All loans are subject to approval. You may qualify for the lowest rates published depending upon your credit qualification, the amount financed, receiving a 0.25% APR reduction by maintaining an automatic loan payment each month and 0.25% APR reduction for qualifying for the Premier Member Merits category. The Member Merits rate discounts are subject to change.

** Personal line of credit is not eligible for the Member Merits or automatic payment decrease in APR. The Periodic Rate and corresponding Annual Percentage Rate for the Personal Line of Credit loan is calculated by adding a graduated margin (the margin is based on a risk based pricing tier) to the month end Prime Rate for the previous calendar month as published by the Federal Reserve. The Annual Percentage Rate will never be more than 18% or the maximum rate allowed by applicable law.

Payment examples

The following examples illustrate the expected monthly loan payments for members who qualify for the prime rate, premier member merit status and enroll in automatic monthly payments:

  • A $5,000 Personal (Signature) Loan with 11.99% APR for 36 months has a monthly payment of $166.04.
  • A $5,000 Personal (Signature) Loan with 16.24% APR for 60 months has a monthly payment of $122.23.
  • If you delete your automatic payment request or the credit union terminates your automatic payment request due to insufficient available funds, this interest rate may be increased by one-quarter of one percent (0.25%) for the remaining term of the loan. This rate change will be reflected on your credit union statement.

Is a Personal Line of Credit right for you?

  • Convenience

A line of credit allows you to tap into funds when you need them.

  • Alternative to home equity

Our Home Equity Line of Credit offers many features to serve your needs but if you don't want to tap into your home as funding source, the Personal Line of Credit is a viable choice with similar benefits.

  • Establish credit

All-around usefulness is helpful here. Consider the three Rs: the rate, the revolving convenience and the range of credit.

  • Don't need a card?

A credit card isn't issued with this account and for many members this is ideal. Check writing is an option!

Apply today: call 800-732-0173 or visit a branch.


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