Personal Line of Credit
We provide a wide range of funding.
United Choice Capital offers personal, business, and REI funding options. Click on any of our competitive funding products to learn the qualifications and details of the application process.
Personal Line of Credit
A personal line of credit is similar to a business line of credit. The only difference is you don’t have to own a business to secure a PLOC. Most all banks offer this product. It’s similar to a personal credit card because it allows you to borrow funds as needed, without having to take the full amount in one lump-sum payment. They’re useful for long-term projects with variable costs or for borrowers with irregular income streams.
Qualifying with United Choice Capital can be easily provided you meet the criteria listed below. A personal line can be drawn upon for any reason and you only pay for what you borrow. Interest rates can vary greatly but normally they range from 8-20%. Initially that may seem high. Consider that this is unsecured debt with only a signature as a guarantee. A good interest rate on a PLOC is 13% or below.
Qualifications:
- All credit scores considered
- Verifiable income
- Voided bank check
- Funding Range: $1K – $250K
- Funding Term: Revolving
- Terms: Starting at 7.99%
- Time to Fund: 1-3 Business days
A team of dedicated funding specialists, ready to help! Get approved today!
Give us a call at 866 606 9312 to speak to one of our reps or click on the Apply Now button and complete secured online application to obtain your funding!