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Secured Line of Credit

Using collateral can mean better borrowing rates.

A Secured Line of Credit from FNB provides a reusable source of financing to help meet your financial objectives. You can utilize all or a portion of the total credit limit as you need it, and only pay interest on the amount you use. By pledging personal assets like balances from a savings account or certificate of deposit as a guarantee for repayment of the loan, we can often offer lower rates of interest or higher limits than with other forms of borrowing.

To Apply Now or Schedule an Appointment:

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      Competitive variable interest rate

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      Interest only payments on outstanding balance

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      Flexible credit amounts available

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      Free online and phone banking

  • Enjoy Real Flexibility:

    A Secured Line of Credit from FNB1 gives you the flexibility to borrow up to your credit limit at any time. Whether you use your line for overdraft protection or just as a cushion for those unexpected expenses, a line of credit provides you the borrowing power you need to help meet life's financial demands.

    How a Secured Line of Credit works:

    A Secured Line of Credit allows you to borrow as much as you need, at any time, up to a certain amount — unlike an installment loan which is for a specific dollar amount. As you repay your outstanding balance, the amount of available credit is replenished, meaning you can borrow against it again and again. With this type of loan, you only pay interest on the amount you use. Because you pledge your FNB Savings Account or Certificate of Deposit as collateral for the loan2, we can generally offer higher limits and a lower rate than other forms of borrowing.

    Key Features:

    • Secured with an FNB Savings Account or Certificate of Deposit2
    • Flexibility to borrow as needed, repay and borrow again up to your credit limit3
    • Borrow up to $250,0004
    • Variable interest rate tied to the U.S. Prime Rate5
    • Access your funds via check or online transfer

    Great For:

    • Providing overdraft protection for your checking account
    • Covering unexpected expenses
    • Providing liquidity to bridge the gap between when your bills are due and when you get paid

  • Qualifying for a Secured Line of Credit:

    FNB uses the following factors, among others, when considering whether to approve your application:

    • Credit score
    • Employment history
    • Monthly debt payments and income
    • Amount and type of collateral

    To apply, you will need:

    Required Identification:

    • A non-expired ID (driver's license, state-issued ID, Military ID, passport or Permanent Resident Card and visa)

    Additional Information:

    While you won't need this to start the application process, as we evaluate your application, we may ask you for additional pieces of information. You may be asked to:

    • Verify your income.
    • Provide bank statements.
    • Provide tax documents.

With any account, you also get the latest in digital technology:

Compare all accounts. This comparison chart makes it easy to compare all of our borrowing options.

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Compare all accounts. This comparison chart makes it easy to compare all of our borrowing options.

Compare all

Still not sure? Answer a few quick questions to help you find the right borrowing option.

Help me decide

Still not sure? Answer a few quick questions to help you find the right borrowing option.

Help me decide

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Notices & Disclosures
1 - All loan products are subject to credit approval. 
2 - Other forms of collateral may be available for Private Bank customers.
3 - During the draw period
4 - Subject to credit and collateral evaluation
5 - U.S. Prime Rate as published in The Wall Street Journal

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