ReadyLine of Credit

The new Commerce Bank ReadyLine of Credit is a great source of funds for just about any need. Use it to help purchase a car, camper or trailer or just to improve your cash flow. With the ReadyLine of Credit, you will have equal monthly payments on any draw of $2,000 or greater for 48 months1, making it easier to budget each month.

  • Speedy access to funds when unexpected expenses hit
  • Provides a source of reusable funds
  • As payments are made, the amount available increases
  • No out-of-pocket costs to open and no transaction fees
Uses
  • A revolving line of credit
  • No collateral necessary
  • Flexibility for future advances
Credit Limits
  • $500 to $15,000
Installment & Revolving Draws
  • Draws of more than $2,000 will have equal monthly payments for 48 months1
  • Draws of less than $2,000 will be set up on revolving payments and will be subject to minimum payment requirements
Interest Rate
  • Variable
Access to Funds
Fees
  • No closing costs
  • No transaction fees
  • Late payment and returned payment fees do apply
Options for Making Payments

Interested in applying?


Disclosures:

  1. Installment Draw: Any draw of $2,000 or more (an "Installment Draw") will have a mandatory installment repayment feature. At the time the Installment Draw is made, a monthly payment will be calculated using a 48 month amortization and the interest rate then applicable to the account. Despite the fact that the interest rate applicable to the Installment Draw balance will continue to vary, the monthly payment on the Installment Draw will remain constant for a 48 month period; which will often result in the Installment Draw not being repaid within the 48 month period (in the event the interest rate increases during the period) or the Installment Draw being paid off sooner than the 48 month period (if the interest rate decreases during the period). In the event that the Installment Draw is not repaid during the 48 month period, the remaining balance will be repaid in accordance with the draws described below.

    Any draw other than an Installment Draw will not have a mandatory installment repayment feature, but will be repaid in accordance with the monthly minimum payment requirements.
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