Why TDECU Cash $tash Line of Credit?
No surprise increases in your interest rate
Complete the application process in under 10 minutes
Including setting automatic payments, timeline and pay dates, and your choice of payment account
Only pay interest on the money you use - the rest remains available with no interest accrued
No reapplication when you need additional money
Cash $tash can be used to protect you in your time of need
Cash $tash FAQs
What is the difference between a personal loan and a line of credit?
A unsecured personal loan will begin accruing interest on the full loan balance right away and the monthly payment will be a fixed amount over the term of the loan. However, a line of credit will not accrue interest until a draw is made from the line, and the interest will be charged only on the outstanding balance.
Can I get a line of credit online?
Yes. You can begin the credit application process online.
What does line of credit available mean?
Credit available is the amount that you can draw from the line of credit based on your approved loan terms.
What does maximum line of credit available mean?
Credit available is the maximum amount that you can draw from the line of credit.
I require funds over a period of time. Would a line of credit be preferable?
Yes. A line of credit is a revolving credit account that allows you to draw funds up to a limit. It allows for borrowing money as needed, without having to take the full amount in one lump-sum payment.
I am not sure how much I want to borrow. Would a line of credit or a personal loan be better for me?
If you are not sure how much you want to borrow, a line of credit is recommended. With a line of credit, you’re approved for an unsecured loan to borrow a predetermined amount of money and you draw against that limit as you need it. You'll only pay interest on the money you actually use.