Overview
Personal Loan
Line of Credit
Borrowing/Loan Rates
Calculators
Forms and Applications
Payment Holidays
Loan Protection Products

 / Loans / Personal / Line of Credit

 

Line of Credit

Delta Community’s Personal Line of Credit is an unsecured line of credit up to $20,000 that’s based on creditworthiness and ability to repay. You can use it for anything you’d like. It’s completely up to you.

What is it?

Not only is a Personal Line of Credit great for buying something you’ve had your eye on, it provides free overdraft protection for your Checking Account by automatically transferring money to your account if you ever need it. And, there’s no annual fee attached to it - yet another added bonus.

Once you have it, you’ll be able to access it easily through Audioline, Online Banking, by check, mail or at any Delta Community CU branch. For more information, see below for FAQs.

For Credit Calculators, click here.

Who is this product right for?

Someone who needs a
personal line of credit for…whatever!

 

TypeAPR
Personal Line of Credit9.25% to 17.00%

Who is this product right for?

Someone who needs a
personal line of credit for…whatever!

Loan Fees

Copy of Personal Line of Credit Check $3.00
Late Payment Fee $25.00 per month late
NSF for Returned Loan Payment, Personal Line of Credit Check or ACH $25.00
Pay by Phone Loan Payment Transfer $8.00
Stop Payment for Personal Line of Credit Check or ACH $25.00

Who is this product right for?

Someone who needs a
personal line of credit for…whatever!

Related Articles

  • Loans that can and cannot be applied for online
  • Are there any exceptions to the types of loan applications that can be applied for online? You can apply online* for all types of loans except for the following:

    • Loans for a foreign resident

    To apply please call 1-800-544-3328 and a representative will be happy to assist you. You can also stop by any Delta Community CU branch and apply with a Member Service Representative. Normal processing time is 24 - 48 hours.


    *For Home Loans, click here. For all other loans (Visa credit card, etc.) you can apply online by logging into your Online Banking account and selecting Apply for a Loan in the Tools and Services box. If you have recently been upgraded to the new Online Banking, you will find the Apply for a loan or credit card under the Loans tab.






  • GAP Protection
  • What is GAP?
    If you have an auto that is totaled or stolen, there may be a difference between the monies owed and what your insurance company will pay. Guaranteed Asset Protection is not auto insurance. It is a deficiency waiver. It will cover the "gap" by paying the difference between your primary carrier's insurance settlement and your loan balance. The GAP payment covers the insurance deductible up to $500 but does not pay for delinquent payments, late charges, refundable service warranty contracts and other insurance-related charges.

    Note: GAP cannot provide protection beyond two (2) additional payments of the original repayment schedule of the loan. Ex: If you have taken 4 payment holidays, GAP will only cover the monthly payment amounts of 2 of those payment holidays.


    When can I purchase GAP?

    It can be purchased on any automobile regardless of the age or mileage on the vehicle, at the time of a new loan or refinance with Delta Community CU, regardless of whether you had GAP previously. The maximum term for GAP is 84 months. If you are refinancing your vehicle to add additional funds to the loan, you must repurchase the GAP agreement. The original agreement becomes null and void when you add additional monies to the loan.


    If I have GAP and I refinance an auto loan currently with Delta Community CU
    , do I have to purchase GAP again?

    Any time a Delta Community CU car loan is refinanced that has existing GAP, you must purchase the GAP again for this loan to be covered.
    If you are refinancing a car loan that is currently financed with Delta Community CU that does NOT have existing GAP, purchasing GAP is not an available option.



    What is the cost of GAP and is it refundable?
    GAP is available in two primary options; either 'Non-Refundable' GAP at $299.00 or 'Refundable' GAP at a cost of $495.00. All options offer a 60 day trial period.


    I have totaled my car and filed a GAP claim, do I need to make my payment?
    You are responsible for all payments on the loan as agreed on your loan contract. Any overpayments made thru the GAP claim will be reimbursed to upon claim payment.

    What is the time frame for receiving a refund from the GAP if I cancel under the new terms and conditions?

    Please allow 4-6 weeks for a refund. For loans that still exist, the refund will be applied to the loan. If the loan is paid off, the refund will be deposited to your Savings Account.



    If I have purchased GAP, will it interfere with CPI?

    GAP is a product that covers the difference between your primary carrier insurance settlement and the loan or lease balance on a new or used auto or other collateral loan. It will not interfere with CPI.



  • Payment Holiday and Eligible Loans
  • What is a Payment Holiday and what loans are eligible?
    A Payment Holiday is an option to skip your consumer loan payment on loans that have been opened for 6 months. You can request a maximum of two holidays per year, but they cannot be two consecutive months. Interest will continue to accrue and the original term of the loan will be extended.  

    To request a Payment Holiday, the request can be made up to the loan due date:

    • If your Online Banking account has been upgraded, log into your Online Banking account and choose Payment Holiday under the Loans tab
    • If your Online Banking has not been upgraded:
      • For requests in less than 32 days before the next payment due date, call 800-544-3328 to speak to a representative
      • For requests 32 days out or greater, log into your Online Banking account and choose Payment Holiday under the Member Services tab.


    IMPORTANT - ELIGIBILITY:
    1st and 2nd Mortgage, Home Equity, Single Pay, Overdraft Protection, Business Loans, Business Visas, and Visa* loans are not eligible for Payment Holidays. Consumer loans must be current and opened for 6 months (and liens perfected) to be eligible.  Finance charges will continue to accrue as explained in the LoanLiner Credit Agreement and the loan maturity date will be extended.  

    For more information on payment holidays, click here.

     


  • How to apply for a loan

  • How do I apply for a loan or to refinance a loan from a different lender?

    To be eligible to apply for a loan, you must be a primary member of the credit union. Joint owners must obtain their own account before applying for a loan. Membership can be applied for online.

    The fastest way to apply for a loan is online. Log into your Online Banking account choose Apply for a loan in the Tools & Services section on the MyCU page. If you have recently been upgraded to the new Online Banking, you will find the Apply for a loan or credit card under the Loans tab.
    You may be preapproved within seconds. You can also speak to a representative at 1-800-544-3328 or apply at any
    Delta Community CU branch office.




  • Loan Rates
  • What are the current loan rates?
    Click here to view the current loan rates.

Ready to apply?

Simply apply online by logging into your Online Banking account, going to the Tools and Services menu and then choosing Apply for a Loan. You only have to apply once.

Or, if you’d like, you can call our 24-hour lending center at 800-544-3328 or apply at any of our Delta Community CU branches.

If you’re not yet a member, click here to sign up.

 

Who is this product right for?

Someone who needs a
personal line of credit for…whatever!

 

FAQs:

How can I increase my personal line of credit limit?
You can apply online by logging into your Online Banking account, going to the Tools and Services menu and then choosing Apply for a Loan. Or, you can call our 24-hour lending center at 800-544-3328 or visit one of our Delta Community CU branches to apply for the increase.

How can I lower my overdraft protection loan limit?
You will need to send a request online through the secure Message Center or you can mail your signed request to:

P.O. Box 20541 Atlanta, GA 30320-2541

You can also fax your signed request to:

404-677-4807
Attn: Loan Department

Is it possible to pay more than the scheduled payment due on my Personal Line of Credit every pay period?
Yes. To do this, you can either send a request online through our secure Message Center or fax your signed request to:

404-677-4807
Attn: Loan Department.

Please note: If you are set up for ACH payments, your scheduled amount will still show the required payment but the actual transfer amount will be just as you have requested. If your payments are set up as Auto Transfer, the payment due will show your requested amount.

Will my Visa ® Credit Card, Personal Line of Credit or Home Equity Line of Credit limits be decreased if I’m participating in the Member Assistance Program?
Possibly. Delta Community CU will notify you if there are any adjustments made to the limits on your existing loans.


Rates expressed as APR-Annual Percentage Rate. Availability of rates based on creditworthiness and other factors and are current as of the first day of the current month.

 

Important Notice: You are accessing a secure site with confidential information which is restricted to authorized persons only. Unauthorized access or use is not permitted and constitutes a crime punishable by law. Violators will be prosecuted to the fullest extent of the law.
1-800-544-3328