Altovias Bank

Borrow

Lines of Credit

Revolving credit that you use when you need it. Pay interest only on the amount you borrow, and reuse the line as you repay.

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Flexible access

Draw funds to checking instantly with one transfer.

Variable rate

The rate follows a published index and is shown in your account.

Reusable credit

Repay and borrow again without a new application.

At a glance

Limits
$5,000 to $50,000 on personal lines
Rate
Variable, a margin over a published index
Draws
Transferred to checking in one step
Payment
A minimum based on your balance
Annual fee
None on personal lines
Limit review
You can request one after six months of on-time payments

Good for uneven cash flow

A line of credit is useful for seasonal businesses, projects paid in stages and short term needs. Pay it down when cash arrives and draw again later.

  • Limits from $5,000 to $50,000
  • Minimum payment based on your balance
  • Overdraft protection option for checking

Watch your balance

Your available credit, minimum payment and due date appear on your dashboard. Set alerts so you never miss a payment.

  • Autopay from checking
  • Alerts for available credit
  • Statements in online banking

Good for uneven cash flow

A line of credit fits needs that do not have a fixed amount or date.

  • Projects paid in stages
  • Seasonal income or expenses
  • A cushion for short term gaps

Keeping track

Your available credit, balance and due date are on your dashboard.

  • Alerts when available credit is low
  • Autopay from checking
  • Statements in online banking

Using a line of credit

  1. 1

    Apply and get a limit

    Choose the limit you want to be considered for.

  2. 2

    Draw when you need funds

    Transfer from the line to checking in online banking.

  3. 3

    Pay it down

    Pay as you like above the minimum, and interest is charged only on what you owe.

  4. 4

    Borrow again

    Repaid credit becomes available again without a new application.

Frequently asked questions

Quick answers about lines of credit.

Is there an annual fee?
No annual fee on personal lines. See the Fees page for details.
How is the rate set?
It is a margin over a published index and can change monthly.
Can I increase my limit?
You can request a review after six months of on-time payments.
How is the rate set?
It is a margin over a published index and can change monthly.
Do I pay interest on the whole limit?
No. You pay interest only on the amount you have borrowed.
Can I link the line to checking for overdrafts?
Yes. Overdraft protection from a line of credit is available on checking accounts.

Related products and guides

Personal Loans Home Equity Credit Cards

Rates, fees and terms are subject to change. See Disclosures.

Ready to get started?

Open an account online in about ten minutes, or talk to us first. You will need your address, date of birth and an email address.

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