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Capitalize on your good name and your solid credit history with a Signature Performance Based Line of Credit from Coastline. This revolving credit line lets you borrow on your signature alone. No collateral is needed. Our Signature Performance Based Line of Credit is designed exclusively for Credit Union members with a solid credit history and a sound repayment record.
It’s convenient to use and you're in control. You decide when and where to use your credit line. Borrow as often as necessary. No need to complete a new application each time or wait for approval. Simply transfer the amount of money you need when you need it right from your available line of credit into your checking or savings account via CoastNet Home Banking or via ART. The money is transferred instantly and available for use immediately.
In addition, at certain times of the year when most people could use a little extra cash we will send you checks you can use to access your available line of Credit.
The sample performance based line of credit payment schedule below is based on an interest rate of 13% for approxiamtely 48 months including joint credit life & single disability insurance. Payment remains the same for all interest ratesSee the repayment chart below to see what you payment will be based on your outstanding balance.
| Performance Based Line of Credit Payment Schedule * |
| Up to |
$ 500.00 |
$ 15.00 per month |
| $500.01 to |
$ 1000.00 |
$ 30.00 per month |
| $1000.01 to |
$ 2000.00 |
$ 60.00 per month |
| $2000.01 to |
$ 3000.00 |
$ 90.00 per month |
| $3000.01 to |
$ 4000.00 |
$115.00 per month |
| $4000.01 to |
$ 5000.00 |
$145.00 per month |
| $5000.01 to |
$ 6000.00 |
$175.00 per month |
| $6000.01 to |
$ 7000.00 |
$205.00 per month |
| $7000.01 to |
$ 8000.00 |
$230.00 per month |
| $8000.01 to |
$ 9000.00 |
$260.00 per month |
| $9000.01 to |
$ 10000.00 |
$290.00 per month |
| $10000.01 to |
$ 11000.00 |
$320.00 per month |
| $11000.01 to |
$ 12000.00 |
$345.00 per month |
| $12000.01 to |
$ 13000.00 |
$375.00 per month |
| $13000.01 to |
$ 14000.00 |
$405.00 per month |
| $14000.01 to |
$ 15000.00 |
$435.00 per month |
| * As of May 1, 2005 the current range of performance based line of credit rates is 9.25% - 18.00% APR. |
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