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First IB Home > Personal Accounts > Lines of Credit
A line of credit is a great way to prepare for the unexpected events
of life, by making funds available to you when you need them most.
Lines of credit are normally unsecured (you do not use your house
or other personal property as collateral).
| Lines of Credit |
 |
Variable Prime + 2.0% APR* |
Revolving line of credit |
No charges unless you access your line |
No annual fee |
Low minimum payment requirements |
Access through your First IB checking
account |
*APR = Annual Percentage
Rate
Prime rate as established by the Wall Street Journal on the
4th Tuesday of previous month. Review disclosure for floor (minimum)
and maximum rates.
Rates last updated 06/27/08. Rates are subject to change
on any day and will be updated by 10 AM Eastern. Please be sure to check this
page after 10 AM Eastern for the rate that will be honored today. |
While a line of credit can be used for any purpose, many
consumers use them to: |
| Lines of Credit Fees |
|
Processing Fee |
no charge |
Late Charge |
$17.00 |
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