Unsecured Home Improvement Line of Credit

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Unsecured Home Improvement Line of Credit
As low as 3.99%

APR1

Upgrade your home without touching your equity.

It’s almost like a magic wand. With BCU’s new loan option, you can use an unsecured home improvement line of credit to quickly and easily secure funds up to $50,000. Build your home’s value without having to use its equity as collateral. Better yet, there are no fees associated with applying. Ta-da!

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Fast Approval

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Quick Funds

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No Collateral

checkmark in a circle

No Application Fees

Your options abound.


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Get approved with ease.

Borrow up to $50K with just four steps. And if you’re already a BCU member, make that three! Plus, you can make monthly minimum payments as low as 1.5% of your balance.


Here’s how to qualify:

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Be a member of BCU

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Apply and Confirm Home Ownership

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Get Approved

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Receive funds and start your project!

See how the options stack up.



Unsecured Home
Improvement Line
of Credit
Home Equity
Line of Credit
Personal
Line of Credit
Personal
Loan
APR
3.99% - 8.75%
2.99% - 7.75%2
5.00% - 14.25%
5.99% - 20.50%
Max Term
Revolving
Revolving
Revolving
60 months
Collateral
Required
No
Yes
(minimum $20k)
No
No
Home Ownership
Required
Yes
Yes
No
No
Est. Loan
Turn-around
Same day - next day
30 days
Same day - next day
Same day - next day

  • Disclosure

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    1APR = Annual Percentage Rate. Rates subject to change. Rates accurate as of 8/1/2021. The APR is based on the Prime Rate as published in The Wall Street Journal "Market Data Center" Section (Index). The APR is subject to change each time there is a change in the Index and will be effective on the first day of each calendar month. The APR will be calculated each month by adding a margin between +1.24% and +5.50% to the Prime Rate and is based on the credit profile. If the Interest Rate increases, your monthly payments may be higher. Although the rate will vary after you are approved, it will never exceed 18.00% (the maximum allowable for this loan). Rate includes a 0.50% discount for having two of the following relationships: direct deposit of at least $500 or more into a credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing. Qualifying loans include: Mortgage, Home Equity, Auto, and Credit Cards. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days. Any Credit Union loan that is not in good standing or delinquent will disqualify you for Rewards Rates. Rewards discount cannot be applied to Credit Cards, CD Secured Loans and Stock, CD and Deposit Secured Lines of Credit. All rates are subject to credit certification and approval.


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    2APR is Annual Percentage Rate. The APR is a variable rate based on the highest Prime Rate published in the “Money Rates” section of The Wall Street Journal on the last day of each calendar month. The APR on BCU’s equity line products vary between 2.99% and 18.00%, depending on your approved commitment amount, product and credit qualifications. The maximum annual percentage rate is 18.00%. Rates apply to loans up to 80% LTV (loan-to-value) with a minimum payment of 1% of loan balance and assumes an automated payment method. You may reduce your APR up to 0.50% with Rewards Rates. This includes a 0.50% discount for having two of the following relationships: direct deposit of at least $500 per month into your credit union checking account; at least $25,000 on deposit, or a loan in good standing. Qualifying loan types include mortgage, home equity, auto, and credit card. All loans subject to final credit approval, which includes verification of application information and receipt of collateral documents.

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