Line of Credit
Get flexible access to funds with an MHV personal line of credit for unexpected expenses, planned purchases, and everyday financial needs.
Flexible funds, ready when you are.
Borrow what you need, pay it back, and borrow again. No reapplying.
Why a line of credit from MHV
Some expenses don't arrive in one neat number. A personal line of credit gives you an approved amount to draw from whenever you need it, and you pay interest only on what you use.
Reusable
Built-in overdraft protection
Draw in seconds
A cushion for real life
Cover a gap
Freelance, seasonal, or commission income doesn't always land on the first of the month. Your bills do.
Protect your checking
Linked as overdraft protection, your line steps in before a payment bounces.
Handle the emergency
Don't wait for funding; a line of credit is ready when needed, without applying.
Do the project in phases
Pay the electrician this month and the painter next month, drawing only what each stage costs
Bridge a reimbursement
A tuition refund or an insurance payout, you know, is coming.
Getting a Line of Credit is quick and easy
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Access Your Funds
Compare our personal loan options
Personal Loan
7.49% APR*
Ideal for borrowing money for a one-time expense with no hidden fees. You’ll receive the total amount of your loan as a lump-sum with a fixed interest rate and a fixed monthly payment.
Line of Credit
12.99% APR*
Looking for a source of cash to use as you need it? A Line of Credit gives you the ability to access funds only as you need them — for emergencies, overdraft protection, or small projects — all with no hidden fees.
Debt Consolidation
7.49% APR*
Combine higher-rate balances into a single payment with a fixed rate and no hidden fees. Perfect for getting ahead of higher-rate credit card debt.
Explore your payment options
Getting a personal line of credit is quick & easy
Make MHV your everyday bank.
Your personal line of credit makes you a member. Bring your everyday banking home with free Checking, and put a low-rate MHV Visa to work for the way you spend.
Lower Loan Rates
Member rates beat most banks on auto, home, and personal loans.
Higher Savings Yields
Share Certificates with higher rates — earn more on your money.
Free Financial Coaching
One-on-one guidance to reach your financial goals.
Local Decisions
Approvals made by people who live in your community.
Commonly Asked Questions
A line is revolving: you're approved for a limit, draw what you need, repay, and draw again. A personal loan is a one-time lump sum with a fixed payment and a set payoff date. Use a line of credit for uncertain or ongoing costs; use a loan when you know the exact amount.
Rates start at 12.99% APR, based on your credit qualifications. You pay interest only on the amount you've drawn.
No. Interest accrues only on your outstanding balance. An unused line costs nothing.
Transfer from your line to your MHV checking or savings in MHV Digital Banking, visit a branch, or link the line to your checking as overdraft protection so transfers happen automatically.
When a transaction would overdraw your linked MHV checking account, we transfer the shortfall from your line of credit to cover it. You pay interest on the transferred amount until you repay it.
Debt consolidation is the process of combining multiple debts into a single loan, ideally with a lower interest rate and a more manageable payment plan.
*APR = Annual Percentage Rate. Rate available to members in good standing, based on credit qualifications, for loans up to $10,000. Federally Insured by NCUA.