Overview
 A smart loan is a personal, unsecured line of credit. Enjoy the convenience of a one time sign up. After that, you can draw on your line as easily as a phone call. Interest rates are based on your credit score, and as you build your credit, you can lower your interest rate. | RatesAs low as: | 10.45% APR* | *APR is Annual Percentage Rate. Rates are subject to change. Your actual rate and term is determined by your account history and credit score. |
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FAQs
Question: What in the world is a Smart loan?
Answer: A smart loan is an unsecured personal line of credit.
Question: Do I have to apply each time I need money?
Answer: No, once your line of credit is established, all you need to do is call or stop by the credit union and let us know how much you need. We can then deposit the finds in your account or you may withdraw the cash.
Question: How will I know how much my monthly payments are?
Answer: We will mail you a payment reminder each month with the payment amount on the statement.
Question: As I pay down my loan balance, does that amount become available to borrow?
Answer: Yes. The Smart Loan is an actual line of credit, whereby the unused portion of your approved credit line is available for your use. As you pay the line down, that paid portion of principle becomes available credit on your line.
Question: What determines my rate of interest and by total line of credit?
Answer: As with all consumer loans, your interest rate is based on your account relationship and credit score. The actual line of credit will be determined by your credit history and the amount of unsecured credit you already have in relation to your monthly income. Rates are subject to change.
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