a Line of Credit for Real-Life Expenses
Features You'll Love
A SunWest Personal Line of Credit gives you flexible access to funds when you need them, so you can handle expenses without disrupting your budget. It’s a simple way to stay on track financially without having to start over every time you need extra money.
Low 15.5% line of credit rate
No collateral required
Free overdraft protection
Low monthly payments
Easy online transfers
Flexible borrowing + variable rate structure
Only pay interest on what you use
Draw funds whenever you need
Revolving credit line available as you pay down
Whether you’re covering short-term gaps or have bigger plans in mind, a personal line of credit is a helpful way to support how you manage your money in those moments.
Once your line of credit is set up, your funds are easy to access whenever and however often you need them.
What’s the difference between a personal loan and a personal line of credit?
A personal loan provides a lump sum upfront with fixed monthly payments over a set term.
A personal line of credit lets you borrow as needed, repay on your own timeline, and only pay interest on what you use. Rates are typically variable.
If I pay my balance in full, is my line of credit closed?
No. A personal line of credit is revolving, so your funds remain available after you pay down your balance unless you choose to close the account.
How is my minimum payment calculated?
Your minimum payment is based on a percentage of your balance. Specifically, it’s 3% of the midpoint within each $1,000 balance range. This gives you a low monthly payment that fits comfortably in your budget, but allots more toward the principal balance, paying your personal line of credit off quicker and saving you interest.
Example:
If your balance falls between $4,000–$5,000, the midpoint is $4,500.
3% of $4,500 = $135 minimum payment.
This structure helps keep monthly payments manageable while still paying down your balance efficiently.
Is it better for my credit to pay off my balance or make the minimum payment?
A good rule of thumb is to use no more than 30% of your available credit. You don’t need to carry a balance to build credit, and paying your balance in full can help you avoid unnecessary interest.
Is there a grace period on interest for lines of credit?
No. Unlike credit cards, withdrawals from a line of credit are considered advances. Interest begins accruing on the transaction date.
*APR = Annual Percentage Rate. On approved credit. Certain terms, restrictions and conditions apply. Refinanced loan interest rate cannot be lower than 4.99% APR when refinancing up to 2.00% APR below your existing rate. The first payment may be deferred for up to 90 days. Your loan will accrue interest during that time. Proof of current loan rate may be required prior to closing in order to receive the refinanced rate. Offer is for vehicle refinance applications processed before July 6, 2026. This offer does not apply to vehicles currently financed through SunWest Federal Credit Union. Rates are subject to change without notice. $50 donation per funded loan will be made to Valley of the Sun United Way. SunWest reserves the right to modify or discontinue a portion or all of this promotion at any time.
See a representative for complete details, qualifications, and disclosures.
