Personal Line of Credit (PLOC)

Personal Line of Credit

• With a Suncoast personal line of credit, you can rest easy knowing you have money available, when you need it.
• Unsecured line of credit with a pre-set limit.
• Get advances up to your available limit without additional approval.
• Access your account through SunNet Online Banking, SunTel telephone banking, Members Contact Center, your local branch or by special checks.
• Use as overdraft protection for your checking account.
• No application fee. No prepayment penalty.
• Maximum loan amount $50,000.
• Payment amount is 3% of the balance owed on the account, calculated at the time of advance.

A credit card provides you with a physical card that pulls from your approved credit limit when making purchases. The purpose of a Personal Line of Credit is to provide access to liquid funds, up to the approved credit line, via withdrawals, transfers, and checks. 

The maximum loan amount for a Suncoast Personal Line of Credit is $50,000.

No, there is no application fee for a Personal Line of Credit.

No, we offer open-ended credit so there are opportunities for repeat loan advances without ever needing to re-apply.

After the money for your Personal Line of Credit is disbursed, you can quickly access the funds through your ATM or Visa® debit card. You can also conveniently manage and use your loan how you need from the comfort of your home by using our SunNet online banking.

Yes, you can choose a Suncoast Personal Line of Credit as an overdraft protection source for your other Suncoast accounts.