Consumers Reserve Personal Line of Credit

Need help with unexpected expenses? A Consumers Reserve Personal Line of Credit may be the answer! This option offers approved customers access to funds on an as-needed basis. It’s kind of like writing yourself a loan whenever you need it!

Consumers Reserve is a personal, unsecured loan between $500 and $2,500 linked to your Consumers National Bank personal checking account. You can draw from your personal line of credit in the Consumers Reserve account for a variety of purposes simply by writing a check. Access it as often as you like, as long as you have an available balance.

Pay off this loan anytime, without a prepayment penalty. When there’s an outstanding balance, your linked checking account is debited either 3.00% of the amount due, or $10 — whichever is greater. See the chart below for more details or contact us to learn more about Consumers Reserve Personal Line of Credit.

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Features

Financing can be used for a variety of needs
Qualified borrowers can access between $500 to $2,500
Advances are in increments of $100
Annual fee of $30.00 waived for first year
Current rate- 8.99% APR* This account has a variable APR* and is determined by The Wall Street Journal Prime Rate plus a margin of 5.74%. Because the Prime Rate may vary, your APR will go up or down if the Prime Rate changes. The maximum APR* will be 13.99%.
No transaction fee to access your Reserve
Minimum payment is $10 or 3.00% of balance, whichever is greater**
Cash Reserve must be linked to your Consumers Bank Checking Account
Separate Cash Reserve checks provided for account access
Links to your checking to provide easy access to your available credit line
The line of credit must be paid in full and closed if the linked Consumers Checking Account is closed
Credit inquiry and underwriting standards apply