which banks offer personal line of credit

The cfpb says you use special checks or bank transfers to move money into your checking account, unlike credit cards.Key bank is a great option for a personal line of credit, with competitive rates and credit limits ranging from $2,000 to $25,000.No origination fee or prepayment penalty.Signature bank offers both personal lines of credit (which can be used independently of any other signature bank and securities accounts) and reserve lines of credit, which is linked to a personal checking account.After that, the rate is variable based on the wall street journal prime rate.

4 no annual fees apply now learn more reserve line of creditSee your rate get started today use our free personal line of credit calculator to know your interest rate.See your rate (2 min) 1.Here's a list of major banks that offer personal lines of credit, you can also read our piece comparing the best personal lines of credit:The personal line of credit comes with an interest rate of 9.49% to 14.74% apr when you open an account based on your creditworthiness.

Line amounts from $5,000 to $100,000.You'll pay a $50 annual fee, and your monthly payment will be the greater of 3% of your current balance or $50.In an ideal world, a personal line of credit is a bank (or credit union) loan that hangs out in the background of your larger financial plan, waiting for action when unexpected or special expenses arise that your budget isn't prepared to cover.Credit lines can have rates between 7% and 20% and vary widely.Rates range from 5.74% to 20.99% annual percentage rate (apr) 5, which includes a relationship discount of 0.25%.

Rates are variable and range from 8.24% to 21.24%.Having a valid checking account