Personal Line of Credit
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Personal Line of Credit
Same-Day Deposit Available
If approved before 1:30 p.m. CT Monday – Friday†
Instant Decision*
Receive an immediate decision
Quick Application
Apply online in minutes
How does a personal line of credit from Neighborhood Trust work?
Our line of credit offers a flexible option for personal borrowing. If approved, you’ll receive access to fixed amount of cash that you can tap as needed. Borrow what you want, leave what you don’t.
With our personal line of credit, you only pay interest on the money you withdraw (and in some states, a transaction fee for each draw). Unlike a traditional loan, you don’t have to reapply each time you need additional funds. Simply withdraw from the available credit in your account as you need funds.
After you take a draw, you will have a minimum payment based on your outstanding principal and fees due for each billing cycle. You can make minimum payments over time, or you can repay in full to reduce interest. As you repay, you replenish your available credit for future borrowing.
A line of credit can serve as a payday loan alternative. Like a payday loan, it provides access to cash to meet your borrowing needs. Even better, the terms provide greater flexibility. A line of credit can be paid back gradually. A payday loan, however, usually needs to be paid back all at once, often within a couple weeks. A line of credit may also provide a larger amount of credit.
Benefits of a personal line of credit from Neighborhood Trust
Instant Decision
Complete our simple online application and receive an eligibility decision instantly.*
Fast Funding
Get same-business-day cash if approved before 1:30 p.m. CT Monday – Friday.† Funds for later approvals are delivered on the next business day.
Flexible Borrowing
Withdraw what you need, leave what you don’t. Only pay for what you borrow.
Access to Additional Cash
Borrow more money up to your credit limit without reapplying.
Alternative Credit Check
Apply with less-than-perfect credit — we look beyond your traditional credit score.*
How to borrow from a personal line of credit.
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Confirm eligibility. All borrowers must be 18 or older; have a verifiable, steady source of income; have an active checking account; and be a U.S. citizen or permanent resident. Look up your state of residence to confirm that a line of credit from Neighborhood Trust is available where you live.
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Complete application. Apply in minutes with our simple online form.
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Receive an instant decision.* If approved, get same-business-day funding for draw requests made before 1:30 p.m. CT Monday – Friday.† Draw requests made later will be delivered on the next business day.
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Choose repayment option. Repay gradually with minimum payments. Pay in full to reduce interest.
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Borrow as needed. Need more cash? Tap funds within your credit limit to receive it.
Why Neighborhood Trust ?
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24/7 Online Application Apply for a line of credit anytime, anywhere with our simple online process — it only takes a few minutes.
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Data Security We’re committed to your privacy. To keep your information safe, we guard our networks with consumer security leader TrustedSite.
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Customer Support If you need help, our in-house customer service team is here seven days a week to answer your questions.
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Proven Track Record As part of our parent company Enova, we’ve helped more than 4 million customers over our 15+ years in business.
What is an unsecured line of credit?
An unsecured line of credit doesn’t require collateral. This means that it isn’t “secured” with an asset to back up the loan. With a secured line of credit, on the other hand, borrowers provide collateral — a car, home or other valuable asset. In the event of a default, the lender may take possession of the asset to offset losses on the loan.
Neighborhood Trust ’s line of credit does not require collateral.
Does Neighborhood Trust offer "bad credit" lines of credit?
We do not offer "bad credit” lines of credit. However, we do recognize that a single number can’t summarize your entire financial history. That’s why we use an alternative credit check to look at different parts of your financial history. This alternative credit check will show us past mistakes like defaults, but it will also show us positive indicators like consistent repayments. By looking at the whole picture, we can sometimes make offers to those with less-than-perfect credit.*
Does Neighborhood Trust offer no credit check lines of credit?
Most lenders conduct a credit check when you apply for a line of credit. However, not all credit checks are the same. Our credit check doesn’t look at your FICO® score. Instead, we use alternative credit reports and other sources of data to evaluate your application. Even if you’ve been turned down in the past because of a credit check, you may still qualify for our personal line of credit.
Make sure you’re eligible to apply.
To apply, borrowers must reside in a state where we offer lines of credit and meet the following requirements:
18 or older
Verifiable, steady source of income
Active checking account
U.S. citizen or permanent resident
Learn more about personal lines of credit.
How is a line of credit different from a traditional loan?
A traditional loan typically provides a one-time, lump sum of cash. A line of credit, on the other hand, provides access to a fixed amount of funds that you can borrow as needed. Within the approved credit limit, you can borrow as much or as little as you want, whenever you want.
Compared to a traditional loan, a line of credit offers greater flexibility to meet your borrowing needs. You can borrow what you need, when you need it. With Neighborhood Trust, no interest is charged on unused funds. This can reduce costs by allowing you to borrow what you need and no more.
For future borrowing, a line of credit provides greater flexibility, too. With a traditional loan, you need to reapply to borrow again. A line of credit, however, lets you borrow within your credit limit without reapplying. Unused funds are available to tap at any time. And as you repay the money you previously borrowed, you replenish the funds you’re able to withdraw.
What kind of credit limit and fees can I expect?
It depends on where you live and your application details. Though the basics of each line of credit product are similar regardless of state, there are differences in the requirements to apply, the credit limits, the repayment process and product fees. In some states, we offer other products, such as installment loans, instead of line of credit. Check our Rates & Terms page for all of the specific details on the product we offer in your state.
Where does Neighborhood Trust offer personal lines of credit?
Neighborhood Trust offers lines of credit in the following states:
Please see our full list of product availability for updates.