Line of credit

What You Need To Get Started

Submitting your information for a line of credit is easy. All you need to do is keep the following documents ready.

  • Social Security Card
  • Government Issued State Driving Licence /ID Proof
  • Proof of Regular Income (Pay Stub or Other Proof)
  • Active Savings or Checking Bank Account Details

Explore well on our website and check if you qualify for a suitable loan with us. Do note, that document requirements vary from lender to lender. You might also need to keep an asset as collateral to borrow. As a borrower, you are requested to comply with the requirements of specific lenders in order to ensure a smooth loan availing process.

Loan Amount: $

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NO LINES, NO WAITING, NO HASSLES!

What Is a Line Of Credit?

Planning for your wedding? Or for remodeling your home? Not sure how much would the project finally cost? An open line credit would then be an apt loan for your needs. A line of credit is a loan with a standing amount from which the borrower can borrow as per his needs. There is an upper limit set during the time of signing the loan and the borrowed amount cannot exceed this.

In terms of interest, the borrower is only charged for the total amount withdrawn at a point of time. Borrowers should know that typically with a line of credit, the interest charged on an amount fluctuates with the bank rate; however in case of online loans, the interest rate will depend on the lender.

One would say, a line of credit is almost like a credit card. And is useful to those who do not have one handy. If you think, that an open loan is what you need for your current financial requirements, you might want to think of a line of credit.

Advantages Of Line Of Credit

  • Line of Credit gives you access to larger amounts of money when compared to short term loans like payday loans. This means you can easily cover all your larger financial requirements with this loan
  • The interest rates charged on line of credit are relatively lower than other types of loans. You also have the advantage of being able to enjoy lower interest rates in case bank rates drop during the term of your loan.
  • As interest is charged only on the amount that is borrowed, overall, you can exercise prudence and borrow only the amount you need at the point of time. This will bring down the overall cost of your loan.
  • This is a good alternative to a credit card.The line of credit funds is available for borrowers irrespective of their financial record with a soft verification

FAQ'S

An Installment Loan gets you the money you need today, with the ability to repay over time. Installment Loans are longer-term personal loans with terms from 3 to 24 months, depending on your state. We offer Installment Loans in both in-store and online in most states.
If you own the title to your vehicle, a Title Loan allows you to borrow money based on its value. Your car is used as collateral for the loan so you can get the money you need immediately, and keep driving your car while you pay back your personal loan. Title Loans are ideal for individuals looking for a fast solution to short-term financial needs.
A Line of Credit is the most convenient, safe and secure way to access money when you need it most. Once you are approved for a certain limit, you can request money up to that total amount. The credit line, or maximum amount of money that can be withdrawn, varies by state, and the funds you request will be deposited directly into your bank account. After your initial approval, there’s no need to reapply. Simply pay back your fees and the money you borrowed, then request to withdraw more money from your Line of Credit whenever you need it.

APR Disclosure:


Instantcreditloansus.com is a third-party aggregator & not a direct lender and therefore will not have say over the annual percentage rate (APR) you will be offered. Prior to loan application, we will provide a representative APR based on data aggregated from multiple lenders. Our APR usually ranges from 5.99% to 35.99% depending on a host of factors. APRs increase proportionately to the repayment terms which is anywhere between 61 days to 180 months. Your actual rate depends on your loan amount, credit score, loan term and credit usage & history. It is agreed upon between you and your lender..

Representative APR Example:


$1,000 loan over a 12-month term would have a total payback amount of $1,134.72, APR 29.82%. Loan amount doesn’t need to be paid at once and can be done in instalments.