OTIS Federal Credit Union › Loans & Credit › Personal Loans › Freedom Line of Credit

Freedom Line of Credit

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Fast, Flexible, Straightforward. Experience our Freedom Line of Credit!

Our Freedom Line of Credit allows you to easily borrow what you need when you need it for personal expenses. Funds are accessible 24/7! Draw upon the credit line as often as needed, with no fees and no minimum withdrawals. In addition, you will not pay interest until after funds are borrowed!

Call us at (207) 897-0900 to apply today!

Interest rates are fixed and vary depending on credit score.

Benefits of a Freedom Line of Credit

  • No fees
  • No minimum withdrawals
  • No interest or payments due until funds are borrowed
  • Extremely convenient – funds may be accessed by share draft, home banking, or in person
  • Functions as a safety net against life’s unexpected expenses

More Details About the Freedom Line of Credit

  • Monthly payments will be 2% of the unpaid balance or $100.00, whichever is greater.
  • Minimum loan amount is $1,000.00. Maximum loan amount is $15,000.00.
  • Interest rates are fixed and are based on your credit score. Rates as low as 8.75% APR.

Join Us & Experience the OTIS Advantage

If you live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County, you are eligible to become a member of OTIS FCU. Immediate family members, regardless of geographic location, are also eligible. We look forward to meeting you!

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