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  Gate City Bank Classic Line of Credit

Gate City Bank Classic Line of Credit

in Personal Lines of Credit from Gate City Bank

Unaffiliated

Gate City Bank Classic Line of Credit

Unaffiliated

in Personal Lines of Credit from Gate City Bank

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Highlights
Loan Amount $5,000 - $100,000
APR  (Fixed APR) N/A

Gate City Bank Classic Line of Credit Review

Gate City Bank Classic Line of Credit is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Classic Line of Credit is available in 2 states across the USA.

Gate City Bank line of credit FAQ

What APRs does Gate City Bank Classic Line of Credit offer?

Gate City Bank Classic Line of Credit offers a fixed APR product, but they do not disclose their rates.

Does Gate City Bank line of credit charge an origination fee?

Yes, they charge a line of credit origination fee of 0% to 5% of the line of credit an amount . They deduct the fee directly from your line of credit amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does the Gate City Bank line of credit charge a cash advance fee?

Yes, they may charge a fee.

Does the Gate City Bank Classic Line of Credit charge a statement balance fee?

No, this lender does not charge a statement balance fee.

Does Gate City Bank Classic Line of Credit charge a late fee?

Yes, they may charge borrowers a late payment fee.

How much can you borrow via Gate City Bank line of credit?

Upon approval and based on your credit score, your personal line of credit will be assigned a credit limit of at least $5,000 and as much as $100,000. .

Gate City Bank Classic Line of Credit Fees
Cash Advance Fee N/A
Origination Fee 0% - 5%
Prepayment Fee? No
Late Payment Fee No
Statement Balance Fee No

What do you need to qualify for Gate City Bank Classic Line of Credit?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Gate City Bank Classic Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Gate City Bank Classic Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Gate City Bank Classic Line of Credit only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Gate City Bank Classic Line of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Gate City Bank Classic Line of Credit. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity

What is the estimated funding time for a personal line of credit?

Gate City Bank line of credit will typically approve (or deny) a line of credit application within 24 hour s and fund personal lines of credit within 10 business day s of approval.

Does Gate City Bank Classic Line of Credit report your account activity to credit bureaus?

Yes, Gate City Bank Classic Line of Credit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Gate City Bank line of credit

  • Visit the website.
  • Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
  • Check the information is accurate and submit your application.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 10:00pm
  • Tuesday 7:00am - 10:00pm
  • Wednesday 7:00am - 10:00pm
  • Thursday 7:00am - 10:00pm
  • Friday 7:00am - 10:00pm
  • Saturday 8:30am - 6:00pm

Other Services by Gate City Bank

Availability

  Available in 2 states
  • Michigan
  • North Dakota

Feature Breakdown

No Prepayment Fee
Origination Fee (%) 0% - 5%
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 6 - 10 days
Payment Options
  • Automatic Payments
  • Bank Transfer
Loan Amount $5,000 - $100,000

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