Personal Line of Credit
When you need the spending power of a personal loan and the flexibility of a credit card, a personal line of credit may be your best option. Instead of borrowing a lump sum, you draw from a revolving line of credit as needed. Like a credit card, a line of credit lets you spend up to your credit limit, and the funds are available again once you repay.
- Borrow up to $15,000 with a low fixed rate
- Tap into your line of credit up to the credit limit
- Interest is only charged on the funds you use
- Direct Deposit and Payroll Deduction Payments to fit your unique pay schedule
- The maximum unsecured limit – $30,000 limit for all combined unsecured loans limits (including VISA)
Frequently Asked Questions
A PLOC is what’s known as a revolving line of credit. This type of credit gets its name from how you use it: borrow some, then pay it back, borrow again, pay it back again. You’ll draw from your PLOC by transferring to your checking or savings account with our mobile app.
You can check on the status of your application by clicking the “Check Application Status” link at the very top of our website header, which takes you to this link.
To apply for a personal Line of Credit, simply apply through the link at the top of the Personal Line of Credit page.
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Need more information?
Connect with a PFCU Member Consultant, by scheduling an appointment, video chat, email, or phone.
*APR (ANNUAL PERCENTAGE RATE). The Credit Union offers various fixed rate loans listed in the Loan Rate Schedule, provided to you upon request. Rates are effective as of 04/01/2024. All rates and terms are determined by Board of Directors and are subject to change without notice. Rates may vary depending on the term, loan-to-value, age of collateral, and your credit. All loans are subject to credit approval.