Personal Line of Credit
Every once in a while, a little flexibility is a good thing.
Fraud Alert
Jeanne D’Arc Credit Union will never call and ask you for your security or account information. If you receive a call claiming to be from us and looking for this information, please hang up and call us at 978-452-5001.
Jeanne D’Arc Credit Union will never call and ask you for your security or account information. If you receive a call claiming to be from us and looking for this information, please hang up and call us at 978-452-5001.
Interested in a borrowing option that helps you take out only what you need, when you need it?
Sometimes, all you need is a little bit extra. With a Personal Line of Credit, you have an open-ended loan, which means you can continuously access funds and you pay interest only on the funds you use.
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Borrow Up to $10,000
Take out only what works for you and your budget, with a revolving line of credit up to $10,000.
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No Application Fees
Don’t worry about the application process. Apply today with no hidden fees.
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Easy Access to Funds
Transfer to your Checking or Savings Account or withdraw funds at a branch.
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Rate Discounts
Enjoy a discounted interest rate of 0.50% with automatic payments.
Jeanne D’Arc Credit Union Personal Line of Credit
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Prime is based on Wall Street Journal and creditworthiness Example: A 750 credit score would receive a rate of prime+3%, If the prime rate is 4.75%, then the rate would be 7.75% |
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Best For |
Members who want to borrow money incrementally for things like home improvement projects, holiday shopping, big-ticket items, and emergencies. |
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Amount |
Up to $10,000 |
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Interest Rate |
Prime Rate plus 3%, 5%, or 9% |
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Fixed or Variable |
Variable Rate, subject to change monthly based on Prime Rate |
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Fees |
None |
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Why Finance With Jeanne D’Arc Credit Union?
For more than 100 years, we have been helping people in the Greater Lowell community. With deep roots in the area even as we continue to grow, our commitment to our members and the surrounding community remains the same. We make it our mission to help our members make smart financial choices.
If you’re facing an unexpected expense or want to consolidate debt without making a dent in your budget with fixed monthly payments on a loan amount, a personal line of credit might be a good option for you.
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How To Use a Personal Line of Credit
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Home Improvements
Finance an ongoing project as additional needs arise
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Debt Consolidation
Streamline your debt with one convenient payment
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Weddings
Make a Personal Line of Credit your “something borrowed” to pay for something new
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Education
Help cover tuition, books, or room and board expenses
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Building Credit
Occasional withdrawals followed up by timely, in-full payments can help boost or build your credit score
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More
Your Personal Line of Credit is yours, which means how you use it is up to you
Our Online Application is Secure, Convenient, and Free
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Step 1
Apply for a Personal Loan Online Fill out and send your application on a secure, encrypted session.
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Step 2
Maximum Convenience for Existing Members If you’re already a member, your relevant information will be already on hand to begin your application, although you may need to re-enter some basic information to confirm your identity (name, address, birth date, SSN, etc.).
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Step 3
Set Up Withdrawals Once you’re approved and you’ve been notified about the amount of interest on your withdrawals, you’re ready to set up transfers to your Jeanne D’Arc account.
Personal Line of Credit FAQ
You must be eligible to join Jeanne D’Arc in order to apply. You can see our eligibility requirements here.
If you are not already a member, please contact us at 978-452-5001 or visit one of our branches to speak with a Member Representative who can help you get all of the necessary information needed.
Register for Online Banking at this link, and enjoy convenient, instant access to your accounts and financial information.