Personal Loans

Signature Loan

A personal signature loan is just that: personal. You may use the money for almost anything you wish. It is quick and easy to apply, with no collateral required.

Low, competitive fixed rate
Flexible repayment terms
Quick approval
Existing members may apply online via Internet Banking, visit any branch or contact our Contact Center.

Apply Now

Personal Line of Credit

A personal line of credit is the ideal way to have money available when you need it. It's the perfect solution to pay off high rate department store credit cards, make special purchases or do home improvements. And it can be conveniently used for overdraft protection.

Competitive rates and affordable payments
Easy access through Internet Banking, branch, ATM, Magic*Touch
Only pay interest if you use the line of credit
Use it to make overdraft protection arrangements for your checking account
Quick approval
Existing members may apply online via Internet Banking, visit any branch or contact our Contact Center.

Apply Now

Personal Loans and Lines of Credit Comparison Table

	Personal Loan	Personal Line of Credit	Payday Alternative Loan
Purpose	Debt consolidation Vacation Car repairs Home remodeling Furniture	Quick and easy to apply Overdraft protection Easy access to funds	Unexpected emergency Avoid costly payday loans Help jump-start savings
Interest Rate	Fixed	Competitive	Competitive
Amount	$300 - $100,000	$300 - $100,000	up to $2,000
Annual or Origination Fees	$0	$0	$0
Ready to Apply?	Apply Now	Apply Now	Apply Now

To get started, talk to a VyStar Representative today. Call 904-777-6000, 800-445-6289, option 3, or stop by any VyStar branch.

Frequently Asked Questions

Does the interest rate on my line of credit (LOC) change?

The interest rate on your LOC will change if:

You request a limit increase and your credit score has changed
The Prime Rate changes and causes the variable rate on your LOC to change

Can I pay my LOC in advance?

No. Just like a VISA card, your LOC bill needs to be created prior to you making a payment for that month. However, you may make principal-only payments at any time.

Can I close an LOC when there is a balance owed?

No. However, the credit limit may be reduced or revoked while there is a balance. Once the limit is revoked or reduced, you must re-apply for the LOC if you want the limit to be reinstated.

Does VyStar close inactive LOCs?

Since unused LOCs can be at risk of being compromised, VyStar may close inactive accounts. There is no defined time period for how long the account needs to be inactive; however, when an account is closed, VyStar will mail the member a letter that same day to notify them the account was closed.

How are LOC payments calculated?

Payment will be 3% of the outstanding balance or $25, whichever is greater on the date the bill is created.

How do LOC bills work?

When an LOC is created, the member chooses the due date that works best for them. A bill is created and sent to the member:

When a balance is owed on the LOC
When there was activity on the LOC during the billing cycle
25 days prior to the due date
Even when the LOC is on automatic transfer

The bill contains information about:

When a bill was created
How much is owed
What the due date is
How much was paid
A history of bills

Why is the interest due on my bill different from the interest paid?

When a bill is created, the interest accrued from the last payment date to when the bill is created is reported on the bill. Interest continues to accrue after the bill is created. When you make the next payment, the interest amount paid is the full amount of interest (i.e., interest shown on the bill, plus interest accrued since the bill was created).

What accounts cannot be protected by an LOC?

LOCs cannot protect business accounts or specialty accounts, including:

Can an LOC be set up on e-Statements?

Yes. You enroll in e-Statements by logging in to Internet Banking. Please visit our Sign Up for e-Statements page for complete step-by-step instructions.

Why is a bill made when the LOC is on automatic transfer?

For your records, a bill is sent to you regardless of your payment method. However, bills that are set up with automatic transfer will indicate “Auto Xfer” in the “Minimum Payment” and “Payment Due” fields.

Why did a double payment automatically transfer to the LOC?

When the LOC is paid by automatic transfer and funds are not available to pay the bill in full on the due date, the automatic transfer will continue to look for the funds until the bill is paid by another means or until the funds become available. As the bill is created 24 days prior to the due date of the LOC, it is possible to have more than one bill open. The system looks for the amount due and will pay both open bills once the funds are available.

All loans and accounts are subject to approval. All rates are based on an evaluation of the member’s individual credit history. Terms are subject to conditions and verification and restrictions may apply. All credit union program, rates, terms and conditions are subject to change at any time without prior notice.

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