Personal Line of Credit
Get access to funds when you need them and enjoy flexible terms and rates as low as 10.75% APR.
Funding that’s ready when you need it
KEY BENEFITS
Easy access to funds
Low rates
Low fees
Flexible terms
Why choose an OSCU Personal Line of Credit?
Life doesn’t always follow a plan — but your financing can. A Personal Loan Line of Credit from OSCU gives you affordable, flexible borrowing that’s designed to help with everything from big purchases to life’s unexpected moments. Get the funding you need with rates as low as 10.75% APR.
Flexible borrowing
- Works like credit card, allowing you to draw funds as needed
- As you repay, funds become available again — useful for ongoing or unpredictable expenses
- No need to reapply when you need more funds
Save more
- Rates as low as 10.75% APR
- No application fees or prepayment penalties
- Flexible borrowing
- Borrow up to $50,000 (based on credit qualifications)
- Revolving line of credit with no confined draw period
- No minimum draw amount required
Easy access
- Transfer funds from your personal line of credit to checking or savings account, anytime
- Additional option to write checks from your personal line of credit
- Use funds for any purpose – home projects, debit consolidation, tuition, medical bills, and more
Personal Line of Credit details
| Loan type | APR (Low)* | APR (High) | Repayment terms |
|---|---|---|---|
| Personal Line of Credit (PLOC)** | 10.75% | 19.50% | $25 or 2.50% of the total balance, whichever is greater. |
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. ** 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 20.75% or the maximum rate allowed by applicable law. | |||
Personal Line of Credit
Personal Line of Credit (PLOC)**
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.
** 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 20.75% or the maximum rate allowed by applicable law.
- 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!
Another loan option to consider
Our personal loans are flexible — based on credit history of the borrower, unlike a collateral secured option, such as a car or home loan. It can be a good alternative to other types of loans such as payday advance loan or high-interest credit cards.