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      Flexibility to borrow over and over

    • Stack of Money

      Only pay interest on the amount you use

    • Check being written

      Access funds through check or transfer

    • Hand Holding Dollar Sign

      Interest Only Payments2

  • Enjoy Real Flexibility:

    An Interest Only Unsecured Line of Credit from FNB1 gives you the flexibility to borrow up to your credit limit at any time. Whether you use your line for overdraft protection or just as a cushion for those unexpected expenses, a line of credit provides you the borrowing power you need to help meet life's financial demands.

    How an Interest Only Unsecured Line of Credit works:

    An Interest Only Unsecured Line of Credit allows you to borrow up as much as you need, at any time, up to a certain amount - unlike an installment loan which is for a specific dollar amount. As you repay your outstanding balance, the amount of available credit is replenished - meaning you can borrow against it again and again. With this type of loan, you only pay interest on the amount you use. Best of all, you do not need to use your home or other personal assets as collateral to ensure repayment of the loan.

    The time period that you are allowed to borrow is called the draw period and is typically 7-10 years. The repayment period begins at the end of the draw period. Monthly payments during the draw period are interest only but become principal and interest during the repayment period.

    Key Features:

    • Flexibility to borrow as needed - repay - and borrow again up to your credit limit2
    • Borrow from $2,500 - $100,000 3
    • Variable interest rate tied to the U.S. Prime Rate4
    • Access your funds via check or online transfer

    Great For:

    • Providing overdraft protection for your checking account
    • Covering unexpected expenses
    • Providing liquidity to bridge the gap between when your bills are due and when you get paid
  • The Borrowing Process:

    Our objective is to make the borrowing process simple and straightforward. To apply for an Interest Only Unsecured Installment Loan, you will want to have the following information available for your visit with a Private Banker.

    Required Identification:

    • A non-expired ID (driver’s license, state-issued ID, Military ID, passport, or Permanent Resident Card and visa)

    Getting Prepared:

    While you won't need this for your initial visit to start the application process, as we evaluate your application, we may ask you for additional pieces of information. You may be asked:

    • To verify your income
    • To provide bank statements
    • To provide tax documents

With any account, you also get the latest in digital technology:

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Notices & Disclosures

1 - All loan products are subject to credit approval

2 - During the draw period

3 - You must be an eligible Private Banking customer to qualify

4 - U.S. Prime Rate as published in The Wall Street Journal

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