Ag Non-Revolving LOC
A non-revolving Line of Credit is simply an available credit that, once you begin to repay, the funds do not become available for your use again. This type of credit works well if you know the amount that you need to borrow, in one lump sum. Just remember that once you’ve used your line of credit, it cannot be used again.
| Features | Benefits |
|---|---|
| Fixed or variable rates | Flexible |
| All loans are kept in house | Convenient, local service |
| Finance up to 75% on real estate secured basis | Lower Monthly Payments |
| Repayment options consist of monthly, annual or balloon payments | Flexible |
| No processing fees | Saves money |
| No pre-payment penalties | Saves money |
| Payments may be made via Payroll Deduction, automatic payments, Telephone Teller, Online Banking or by phone | Convenient |
| Funds may be advanced without signature once disclosure is in the file | Peace of mind, convenient |
| Funds can be used for a variety of purposes | Flexible |
| Member’s Choice™ Borrower Security may be purchased and is available at the time of loan closing. Can be added to loan at any time. | Peace of mind, flexible |
