Line of Credit

Our Line of Credit loan is a versatile financial solution designed to provide ongoing support for activities in any of our specialized loan sectors. Whether you need assistance in agriculture, forestry, manufacturing, marine products, education, or any other sector, our Line of Credit is here to empower you.

  • Loan Purposes: Support for ongoing activities in any of the loan sectors.
  • Loan Size: Up to $10,000
  • Loan Term: 5 years
  • Interest Rate: 15%
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Supporting Documents for Loan Application

To facilitate a smooth application process, we require the following documents:

  1. Personal Identification:  Proof if identity is required for all loan applications.
  2. Proof of Address: A document verifying your current address supports the application process.
  3. Proof of Income:  Documents such as pay stubs or income statements help assess your ability to manage the line of credit.
  4. Credit History:  A credit report aids in determining your creditworthiness.
  5. Processing Fee: A 13% processing fee is charged for the first disbursement. Subsequent disbursements will have a 2% processing fee for each disbursement.

How to Apply:

Applying for the Line of Credit is simple! Visit one of our branches to pick up an application form. Our friendly staff is ready to assist you through the application process and answer any questions you may have.

At Toledo Teachers Credit Union, we understand that financial needs can vary, and our Line of Credit is here to provide the flexibility you require for ongoing activities across different sectors. Take the next step toward financial empowerment with our Line of Credit product.

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