Line of Credit (LOC Loan)
Our revolving Line of Credit (LOC Loan) gives you the flexibility to borrow funds when you need them, putting you in control.
Funds are available in person at an NWFCU walk-in branch, via telephone, or through NWFCU, STAR, Cirrus, Alliance One or CO-OP Network ATMs.
Benefits & Highlights
- Low variable rate
- Loan amounts up to $15,000
- No annual fee or monthly service charge
- No cash advance fee
- Cost effective way to borrow, as interest is only calculated on the amount drawn
- Able to use again and again without having to reapply
- Account can be used as overdraft protection. Simply select the LOC Loan as your source of overdraft protection when applying for your loan or if you already have a LOC Loan, call our Call Center or stop by a branch to add it as your source of fee-free overdraft protection
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Click here for Line of Credit pricing info
Your initial Annual Percentage Rate (APR) will range from 7.00% to 18.00% based on your creditworthiness. After this, your APR is subject to change monthly based on the Prime Rate published in the Wall Street Journal on the last business day of the prior month. There is no annual fee, no balance transfer fee and no cash advance fee. Foreign transactions are subject to a fee of up to 1% of the transaction amount.
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