- Car repairs
- Home repairs
- Medical bills
- Vet bills
- Holiday shopping
- Property taxes
why borrow with a pelican line of credit
Credit that's ready before you need it
Credit limits from $1,000 to $10,000
Access what you need without overborrowing or going through a new application each time.
No collateral needed
Your line of credit is signature-based, so nothing is put up to secure it.
Only pay interest on what you use
Interest accrues only on the portion you draw, not the full approved limit.
Re-access funds without re-applying
Once approved, your credit line stays open. Repay and draw again as your needs change.
Use funds for any purpose
Whether it's a car repair, a medical bill, or a seasonal expense, there are no restrictions on how you use it.
Variable rates based on creditworthiness
Rates are low and tied to your credit profile, not a one-size-fits-all number. Rates based off of Wall Street Journal Prime.
Personal Line of Credit vs. Personal Loan
Key Features
Reuse funds without reapplying
Pay interest only on what you use
Receive funds as a lump sum
Fixed monthly payment
No collateral required
When is this the right fit?
Ongoing or unpredictable expenses
One-time, known expenses
Get started with just your signature
Personal loans are also known as “Signature Loans,” because loans are secured by a member’s signature. Unlike a home or auto loan, there’s no collateral at stake when you secure a personal loan.
Use your Signature Loan to make headway on major payments. Just sign the dotted line and get the funds you need to facilitate life’s next logical step.
Personal Loan options
Borrow on Your Terms
Lower rates, fewer fees, and a full range of loan products. Find the right fit for what you need.
Explore Personal Loans OptionsPersonal Loans
Unsecured financing for almost any need, no collateral required. Flexible terms with rates based on your credit.
Explore Debt Consolidation OptionsDebt Consolidation
Combine multiple high-interest debts into one lower monthly payment. Simplify your finances and save hundreds of dollars a month.
Explore Share Pledge Loans OptionsShare Pledge Loans
Use your Pelican savings as collateral for the lowest loan rate. A great way to build credit while keeping savings intact.
