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Personal Line of Credit

Financial flexibility, when you need it.

Personal Line of Credit Rates as Low As

APR Effective 5/13/2024*


Personal Line of Credit

*See important information about rates, fees and other costs

A personal line of credit helps you cover unexpected expenses when life happens. You have access to funds when you need them with no annual fees or transfer fees. A personal line of credit is tied to your checking account or money market and may provide NSF and overdraft protection.*

Features and Benefits

  • Emergency cash
  • NSF and overdraft protection
  • Debt consolidation
  • No annual fee
  • No transfer fee

NSF and Overdraft Protection

Your line of credit will be linked to your checking or money market account. If on any day the available balance in your 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. Transfers from the linked line of credit may help you avoid paying NSF Fees. For more information, refer to the Account Agreements (PDF).

How to Access Line of Credit Funds

  • Access funds from Online Banking, the mobile app or by phone.
  • Automatic line of credit transfers for the purpose of 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 of the credit advance or transfer.

Do the Math on Debt Consolidation

Our easy-to-use tool may help you see how much you could save by consolidating your debts — including auto loans, credit cards and more — at a potentially lower interest rate.

Evaluate and compare your debt consolidation options.

Frequently Asked Questions

What do I need to do to apply for a line of credit?

A line of credit require 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 options. You can also visit a BECU location near you to get started.

How does a personal line of credit work?

Select the BECU checking or money market 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. You also have the option to transfer funds anytime in Online Banking or the mobile app or by calling us at 800-233-2328.

How much are the monthly payments?

The minimum payment is either 2% of the outstanding balance or $25.00, whichever amount is greater as of the 16th of each month (the end of the billing cycle). Payments will be automatically withdrawn from the account you designate on the 15th of each month.

Where can I see my monthly payment?

The 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 account information.

Is there a grace period?

No. Interest is charged beginning on the date that a credit advance or transfer is made.

How can I check on my application status?

Log in to Online Banking and select Check Loan Status. 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.

Consumer Loan Payment Protection Contract

*Advertised APR in effect as of 5/1/2024 and is subject to change without notice, rates range from 11.90% - 19.40%. 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.