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  SEFCU Credit Union Line of Credit

SEFCU Credit Union Line of Credit

in Personal Lines of Credit from SEFCU

Unaffiliated

SEFCU Credit Union Line of Credit

Unaffiliated

in Personal Lines of Credit from SEFCU

Net Recommendation Score -67

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.

-67

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

0 users recommend
1 user is unsure
2 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

Loan Amount $500 - $30,000
APR  (Variable APR) Starting at 11%

SEFCU Credit Union Line of Credit Review

SEFCU Credit Union Line of Credit is offered by SEFCU, a credit union founded in 1935 and based in Albany, NY. SEFCU Credit Union Line of Credit is available in 1 state across the USA.

SEFCU line of credit FAQ

What APRs does SEFCU Credit Union Line of Credit offer?

SEFCU Credit Union Line of Credit offers a variable APR product that ranges from 11% APR.

Does SEFCU line of credit charge an origination fee?

Yes, they charge a line of credit origination fee.

Does the SEFCU line of credit charge a cash advance fee?

Yes, they may charge a fee.

Does the SEFCU Credit Union Line of Credit charge a statement balance fee?

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

Does SEFCU Credit Union Line of Credit charge a late fee?

Yes, they may charge borrowers a late payment fee.

How much can you borrow via SEFCU 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 $500 and as much as $30,000. .

SEFCU Credit Union Line of Credit Fees
Cash Advance Fee N/A
Origination Fee No
Prepayment Fee? Yes
Late Payment Fee No
Statement Balance Fee No

What do you need to qualify for SEFCU Credit Union Line of Credit?

Applicants with a credit score of at least 680 and up to 850 may be eligible for SEFCU Credit Union Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

SEFCU Credit Union Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. SEFCU Credit Union Line of Credit only considers borrowers who are employed.

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 SEFCU Credit Union 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 SEFCU Credit Union 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
  • Proof of identity

Does SEFCU Credit Union Line of Credit report your account activity to credit bureaus?

Yes, SEFCU Credit Union 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 SEFCU 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

  • Headquarters
  •   655 Patroon Creek Blvd
    Albany, NY 12206 USA
  •   Visit Site

About SEFCU Credit Union Line of Credit

Availability

  Available in 1 state
New York
Availabile in all of New York

Feature Breakdown

Credit Score Range 680 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Social Security Number
  • Driver License (or other photo ID)
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Payment Options
  • Bank Transfer
  • Check by mail
  • Storefront
APR (Variable APR) Starting at 11%
Loan Amount $500 - $30,000

SEFCU Credit Union Line of Credit Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.

-67

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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