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Line of Credit

A personal line of credit lets you choose how much of the funds you want to use at any one time – and you only pay interest on the portion you use. At Greater Texas Credit Union, we offer our valued members lines of credit at great rates with no collateral needed. You can use your line of credit for just about any purpose, like home repairs or improvements, vacations, weddings, debt consolidation, and more. Personal line of credit benefits include:

No Collateral Needed to Qualify

Keep your assets safe while getting access to the cash you need.

Low, Fixed Interest Rates

Only pay interest on what you use – a zero balance means zero payment.

No Origination Fees or Surprise Charges

A line of credit is a simple cash flow solution to get on top of your finances.

Generous Draw Period to Match Your Goals

Keep your line of credit open for up to 10 years so you've always got a safety net.

Personal Line of Credit Interest Rates

Best For Borrowers who want access to different amounts of funds over an extended period
Amount Up to $10,000
Interest Rate As low as 7.99% APR*
Fees None
Type Unsecured Line of Credit, Fixed Rate

Apply Now

Why Finance With Greater Texas Credit Union

When you join a credit union, you’re joining a not-for-profit member-owned financial institution.

Greater Texas Credit Union is a cooperative, and our members all have something in common. Whether it’s where we work, go to school, worship, or the professional association to which we belong – we all have an equal say, no matter how many shares we have.

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How to Use a Line of Credit

Personal lines of credit can be used for a range of purposes, including:

Home Improvements

Use the funds to remodel, upgrade, or expand your home – or buy a new appliance.

Debt Consolidation

Get a single monthly payment when you pay off your outstanding debts at a more affordable rate.

Special Life Events

Enjoy weddings, vacations, and celebrations without worrying about how you're going to pay.

Unforeseen Expenses

Have cash on hand for all those extra costs, including auto repairs, medical bills, and taxes.

Our Application Process Is Quick, Convenient, and Secure




Just gather your details and fill out our user-friendly online application



Officer Review

A loan officer will review the application and get in touch soon.



Agree on Details

If approved, you'll sign line of credit documents via email or in person.

Get Started

Personal Line of Credit FAQs

  • Membership is required to qualify for our products and services. Fortunately, if you’re eligible for membership, joining is easy: a $5 minimum deposit in an account.

    Greater Texas Federal Credit Union membership comes with a range of benefits and discounts, as well as special access to various insurance and tax products and services.

  • You can become a Greater Texas Credit Union member if you live, work, worship or go to school in portions of the following counties:

    • Brazos
    • Bastrop
    • Dallas
    • Harris
    • Hays
    • Hidalgo
    • Bexar
    • Tarrant
    • Travis

    Also eligible for membership are businesses and other legal entities located in portions of these counties, as well as employees, faculties, and staff of the following educational institutions:

    • Texas A&M University
    • Texas State University
    • Bastrop ISD
    • Elgin ISD
    • Hays Consolidated ISD
    • Leander ISD
    • Northwest Lineman College

    Membership is also open to immediate family member(s) of individuals who are eligible to join, or if someone in your household is eligible to join.

    We define "household" as those individuals living in the same residence, maintaining a single economic unit. This can mean any permanent member who participates in the maintenance of the household (i.e. family members, domestic partners, foster children, legal guardians, and roommates).

  • A line of credit is a form of revolving credit, like a credit card. This means you have a credit limit and can use as much or as little of the funds as you like. Your monthly payments will go up and down depending on how much of the funds you use. You only pay interest on the funds used, so if you carry a zero balance there is no interest to pay.

    By contrast, a personal loan is a type of installment that allows you to borrow a lump sum of money and pay it back in equal amounts every month until it’s paid off in full. You pay the same amount of interest each month, too.

    Both lines of credit and personal loans can be used for just about any purpose. Talk to a member services representative about which financial tool is best for you.

  • The annual percentage rate (APR) for a line of credit will be based on your credit score and general creditworthiness. The better your credit, the lower your score.

    Factors that affect your credit score include a history of timely payments, how much available credit you have, and the mix of credit types you hold.

  • You'll need good credit to qualify for a line of credit. As long as you always pay your monthly bill on time, your credit score may continue to improve. However, missed payments can hurt your credit.

    For a great score, it's best to use less than 30% of your total available credit at any time. You should avoid maxing out your line of credit and credit cards.

  • When you consolidate your debts, you can sometimes reduce your interest payments and pay off your loans more quickly so you can get out of debt faster.

    If you’re considering debt consolidation, check out our calculator.

  • Absolutely. One of the benefits of borrowing through a credit union is that we’re invested in your success. When one member thrives, every member wins.

    In addition to our personalized customer service, we also offer financial education resources, including our library of articles and free personal financial coaching through KOFE.

  • Yes! We offer online and mobile banking for your convenience.

    Our digital banking services help you manage your accounts, make payments, transfer funds, and more. We also offer budgeting tools, a branch locator feature, and other resources. Set up automatic payments so that you don’t have to worry about missing a payment.

    You can also sign up to receive alerts about automated accounts, as well as secure eStatements, which gives the ability to view up to twelve months’ worth of past statements online.

    In addition to online payments, you can pay in person at any branch, mail in your payments, or make payments over the phone for a $10 convenience fee.

  • We offer a range of financial products and services, including a variety of checking and savings accounts. The accounts available to eligible members include:

    • Free Checking
    • Student Checking
    • Essential Checking
    • Business Checking
    • Teen Checking
    • Gold Star Checking Club
    • Regular Savings
    • Term Share Certificates
    • Money Market Accounts
    • Christmas Club
    • IRAs
    • Health Savings Accounts
    • Coverdell ESAs

    Our loan offerings include not only personal loans, but credit cards, mortgages, auto and recreational vehicle loans and refinancing, home equity loans and lines of credit, boat and motorcycle loans, private education loans, and business loans.

More Great Loan Products

Helping Hand Loan

This low, fixed-rate loan can help when an unexpected expense or emergency arises and you don’t have the savings or funds to cover it. The loan has no waiting period for funding.

Learn More

Emergency Loan

TThis one-time payment loan is available once in a twelve-month period for limited qualifying situations, such as the death of a close family member, auto repairs, or medical expenses.

Learn More

Share Certificate Loan

This loan can help build credit so you can qualify for more financing. Borrow up to 90% of your Share Savings or Certificate of Deposit (CD) accounts for 36 months or longer.

Learn More

Lending Notice

New member applicants may not be eligible for unsecured loan applications for a period of 90 days. All unsecured loan applications may require additional review and verification during the application process.

No loan applications will be considered until membership applications have been completed and all information including identification verified.

*APR = Annual Percentage Rate. Rates range from as low as 7.49% APR up to 18% maximum APR. All lines of credit subject to credit approval. Rate to be determined based on creditworthiness. The rate will not increase while the loan is active. Refinancing of existing credit union loans do not qualify. Cannot be combined with any other offer. Credit Union Membership required with a $5 minimum deposit. Some restrictions may apply. Rates and terms are subject to change.

**The payment on a $10,000 loan would be $200.34 per month by using the $20.03 per $1000 at a non-variable interest rate of 7.49% APR with a 60-month term. This equates to $12,019.90 over the life of the loan. Membership is required with a $5 minimum deposit.

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