Benefits of an EPLOC:

  • Credit Lines up to $50,000
  • No Collateral Required
  • No Application Fee
  • No Annual Fee

Electronic Access to your credit line:

  • Easily access your credit line through Online Banking, Mobile Banking or Telebank 24 – transfer funds immediately to your WSB checking account.
  • Enjoy the flexibility of using your funds from your checking account with debit card transactions or personal checks.
  • Get instant and ongoing access to your credit line at your convenience.

Rates and Terms:

Amortization Period* Annual Percentage Rate (%)
Monthly Payment per $1,000 Borrowed** Minimum Monthly Payment
60 months 15.99% $24.46 $50.00

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What can you do with an Electronic Personal Line of Credit?

Consolidate your high interest debt

Use as a safety net for a rainy day

Pay for a vacation, a new car or anything else you want

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All loans subject to credit approval. A WSB deposit account is required in order to advance loan proceeds from the Electronic Personal Line of Credit.

  • * At the time of each credit advance your Monthly Payment will be recalculated based upon the amount of the advance and any other outstanding balance. The Monthly Payment will be set to repay the balance after the advance within the amortization period.
  • ** Your Monthly Payment will be based on an amortization of the balance after your most recent credit advance as calculated as noted above or $50.00, whichever is greater. Payments will be due monthly.

Interest on credit advances on your Credit Line will begin to accrue on the date credit advances are posted to your Credit Line. There is no “grace period” which would allow you to avoid paying interest on your Credit Line credit advances.

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