Last Updated: 04/18/2025
Regions Bank Preferred Line of Credit
Unaffiliated
in Personal Lines of Credit from Regions Bank
Last Updated: 04/18/2025
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Highlights
Amount Range
$3,000 - $50,000
APR (Variable APR)
8.74% - 18.74%(Verified 06/21/2024)
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Regions Bank Preferred Line of Credit Review
Regions Bank Preferred Line of Credit is offered through Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Regions Bank line of credit are available in 15 states.
Regions Bank Preferred Line of Credit FAQ
What APRs does Regions Bank Preferred Line of Credit offer?
Regions Bank Preferred Line of Credit offers a variable APR that ranges from 8.74% APR up to 18.74% APR. Rate is quoted with autopay discount*.
Does the Regions Bank Preferred Line of Credit charge an origination fee?
No, Regions Bank Preferred Line of Credit does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does the Regions Bank Preferred Line of Credit charge a cash advance fee?
Yes, Regions Bank Preferred Line of Credit may charge a fee . starting at $10Does Regions Bank Preferred Line of Credit charge a late fee?
Yes, Regions Bank Preferred Line of Credit may charge borrowers a late payment fee of up to $29 .How much can you borrow via Regions Bank Preferred Line of Credit?
Upon approval and based on your credit worthiness, your Regions Bank Preferred Line of Credit personal line of credit will be assigned a credit limit of at least $3,000 and as much as $50,000. .
| Cash Advance Fee | N/A |
| Origination Fee | No |
| Prepayment Fee? | No |
| Late Payment Fee | $29 |
| Statement Balance Fee | No |
| Billing Cycle Charge | No |
What do you need to qualify for Regions Bank Preferred Line of Credit?
Applicants with a credit score of at least 600 and up to 850 may be eligible for Regions Bank Preferred Line of Credit. Regions Bank Preferred Line of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Regions Bank Preferred Line of Credit.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of income
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
- Proof of residence
What is the estimated funding time for a personal line of credit via Regions Bank Preferred Line of Credit?
Regions Bank Preferred Line of Credit will typically fund personal lines of credit within 7 business day s of approval.Does Regions Bank Preferred Line of Credit report your account activity to credit bureaus?
Yes, Regions Bank Preferred Line of Credit reports to the following credit bureaus:
- 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 build your credit.
Does Regions Bank perform a hard credit pull?
Yes, Regions Bank line of credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Regions Bank Preferred Line of Credit
- Visit the Regions Bank Preferred Line of Credit 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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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed