Fifth Third Bank Personal Line of Credit Review

Where does Fifth Third Bank Personal Line of Credit do business?

Fifth Third Bank Personal Line of Credit is a bank based in Cincinnati, OH. that was founded in 1858. Fifth Third Bank Personal Line of Credit is offered in 10 state s across the USA.

What are the APRs offered via Fifth Third Bank Personal Line of Credit?

Fifth Third Bank Personal Line of Credit offers personal lines of credit with fixed APRs starting from 10.74% to 17.34%.

Does Fifth Third Bank Personal Line of Credit charge an origination fee?

Yes, Fifth Third Bank Personal Line of Credit charges a line of credit origination fee.

Does Fifth Third Bank Personal Line of Credit charge a cash advance fee?

Yes, Fifth Third Bank Personal Line of Credit may charge a fee.

Does Fifth Third Bank Personal Line of Credit charge a late fee?

Yes, Fifth Third Bank Personal Line of Credit may charge borrowers a late payment fee.

Does Fifth Third Bank Personal Line of Credit charge prepayment fees?

Yes, Fifth Third Bank Personal Line of Credit charges additional fees to borrowers who close their line of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit.

Fifth Third Bank Personal Line of Credit Fees

Cash Advance Fee	N/A
Origination Fee	N/A
Prepayment Fee?	Yes
Late Payment Fee	N/A

What do you need to qualify for a line of credit with Fifth Third Bank Personal Line of Credit?

Applicants with a credit score of at least 680 can apply for a line of credit via Fifth Third Bank Personal Line of Credit. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.

Fifth Third Bank Personal Line of Credit only considers borrowers who are employed, or have a regular source of income or benefits

Active duty servicemembers and their covered dependents are not considered covered borrowers. In other words, they are eligible to apply for a line of credit via Fifth Third Bank Personal Line of Credit. Their rates fall within the limits of The Military Lending Act. Only U.S. citizens and permanent residents can apply for a line of credit.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of identity
• Proof of citizenship or residence permit
• Proof of income

Does Fifth Third Bank Personal Line of Credit report your account activity to credit bureaus?

Fifth Third Bank Personal Line of Credit reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Fifth Third Bank Personal Line of Credit

• Visit the Fifth Third Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.