Personal Line of Credit Rates as Low As
APR Effective 5/1/2025*
15.25
%
APR
Personal Line of Credit
*See important information about rates, fees and other costs
A personal line of credit is tied to your checking or money market account and may provide nonsufficient funds (NSF) and overdraft protection.* You have access to funds when you need them with no annual fees or transfer fees.
Features and Benefits
- NSF/Overdraft protection
- No annual fee
- No transfer fee
NSF and Overdraft Protection
Your line of credit will be linked to your checking account. If on any day the Available Balance in your checking account is not sufficient to cover checks and other items posted to your account (including returned items, electronic funds transfers (EFTs), Online or Mobile Banking transfers, ACH transfers, ATM withdrawals, and point of sale (POS) or other ATM or debit card transactions), we may make an advance under your linked line of credit to pay such items. For more information, refer to the Account Agreements (PDF).
How to Access Line of Credit Funds
- Access funds from Online Banking or the mobile app, or by phone.
- Automatic Line of Credit transfers for NSF and Overdraft Protection will be made in $100 increments (or the unused portion of the available credit limit if less than $100). Interest charges accrue from the date any credit advance or transfer is posted to your account.
Frequently Asked Questions
A Line of Credit requires you to have a BECU checking or money market account. To apply simply log in to Online Banking and select Apply for Credit Cards & Loans from the tab options.
Select the BECU checking account you want the personal line of credit to cover for overdraft protection. If funds are needed to cover a transaction, BECU will transfer them in $100 increments. Or, you have the option to transfer funds anytime in the mobile app or Online Banking or by calling us at 800-233-2328.
Payment is either 2% of the outstanding balance or $25.00, whichever amount is greater based on the previous month's balance). Payments will be automatically withdrawn from the account you designate on the 15th of each month.
Minimum payment amount and due date can be found on your BECU monthly Statement or eStatement (Statement of Accounts) or you can log in to the mobile app or Online Banking for Line of Credit (LOC) account information.
No. Interest is charged on advances from the date of the transaction.
Log in to Online Banking and select Check Loan Status from the tab options. You can also call 844-232-8562 (844-BECU-LOAN).
Loan Payment Protection Program
The Loan Payment Protection Program (LPP) provides financial assistance during times of hardship. LPP is an optional benefit offered through BECU.
- Provides minimum monthly (auto, boat, RV, etc.) payments in the case of involuntary job loss, disability or loss of life.
- Monthly program cost is based on loan balance and package options.
- To apply, call us at 800-233-2328 and ask about getting LPP added to your loan.
Related Content
*Advertised APR in effect as of 9/9/2024 and is subject to change without notice, rates range from 15.25% - 23.25%. Actual APR, subject to credit approval, will be based on applicant credit qualifications and may be higher than the lowest rate available.
**Personal Line of Credit subject to credit approval. Once established overdraft funds transfers will be made in $100 increments (for the unused portion of the available credit limit if less than $100). Interest charges accrue from the date any credit advance or transfer is made.