Along with our unsecured personal loan, we also offer an unsecured personal loan that’s a line of credit. That means, as you pay it off, the funds are once again available for you to use.
Remember, a personal loan that’s unsecured means the loan is supported only by your creditworthiness, rather than by any type of collateral.
An unsecured loan means you don’t need property as collateral for the loan but because this is higher risk type of loan, you usually need a higher credit rating to be approved for certain unsecured loans.
Also, because of the higher risk, interest rates are usually higher on personal loans.
Use Our Loan Calculator
Personal Line of Credit Features
If you choose to open an unsecured line of credit with us, we have some great features:
- Low annual fee of $20.00
- No application fee
- Borrow $1000 - $50,000
- Monthly repayment is 3% of outstanding balance or $30, whichever is greater
- Variable Rate
Frequently Asked Questions
We currently do not offer the option to make your loan payment online with a debit card. You may mail us a check, send us a payment from your other financial institution through their bill pay service (if available), contact us to set up automatic ACH payments or come into a branch and pay with cash, check, or debit card. If you come in to pay with a debit card, it will be processed as a cash advance. You can make a payment over the phone with a check or debit card, however there is a fee for that service.
Yes, you may make your loan payment online from your Central Willamette account(s) by logging into Online Banking and clicking on Funds Transfer.