Unlock the Convenience of a Revolving Line of Credit
Borrow what you need, when you need it, with simple interest rates.
What is a Line of Credit?
Flexible
A revolving Line of Credit (LOC) is an agreement between the Minute Loan Center and you, the borrower. After applying for a revolving line of credit, you prequalify for an amount of money (say $1,000) that you can borrow against when you need it.
Simple
Our simple interest line of credit means that when you borrow against the amount, you agree to repay the amount borrowed, with interest, in regular payments. Unlike credit cards that charge compound interest (interest on the amount borrowed plus on any interest accrued), our line of credit charges interest on only the amount you borrow. You can also borrow more at any time against the total, just not more than the total available from your LOC.
Reliable
If this sounds enticing, a revolving line of credit from Minute Loan Center could be the solution for you. With a Minute Loan Center LOC, you can prequalify for credit and access cash advances whenever you need them. Get peace of mind with convenient, reliable funding from Minute Loan Center.
States that Offer a Line of Credit
How do I prequalify?
The Minute Loan Center application process is easy and protected by bank-level security protocols. You don’t need a strong credit score.
Simply register for a VIP member account, and we’ll let you know how much you prequalify for. We maintain physical, electronic, and procedural safeguards in compliance with federal banking regulations to guard your nonpublic personal information.
Frequently Asked Questions
A line of credit can provide more flexibility than other types of loans. Like a credit card, you have access to a certain amount of credit, against which you can borrow. Unlike a credit card, the interest is simple interest compared to compound interest. This means you only pay interest on the amount you borrowed, and never on any interest accrued.
This combination of features provides flexibility – you only borrow the amount you need, and control, because each payment pays down your principal, reducing the amount used. Many Americans find an LOC to be a very useful credit tool.
Disclaimer:
The Frequently Asked Questions are provided by Minute Loan Center for informational purposes only to help customers understand credit usage and available loan options. Personal loans should be used responsibly for short-term or unexpected financial needs and are not intended as a long-term financial solution. Customers experiencing financial hardship or credit difficulties are encouraged to seek assistance from a qualified credit counseling organization.
Loan approval and terms are subject to verification of application information, underwriting review, and compliance with applicable state law. Not all applicants will qualify for the lowest advertised rates or for same-day funding. Funding times may vary based on bank processing schedules and customer verification requirements. Fees, repayment terms, and product availability differ by state. Please review your loan agreement carefully for complete terms and conditions. Please borrow responsibly. Loans are intended for short-term financial needs and are not a long-term financial solution.