Private Unsecured Line of Credit
- 12, 24, or 36 month terms
- Loan amounts starting at $50,000
- Minimum unencumbered liquidity covenant is required on all credits over $250,000
- Shall not exceed 85% of the borrower’s unencumbered liquid assets if under management at SmartBank or its affiliate, or
- Shall not exceed 40% of the borrower’s unencumbered liquid assets if under management outside of SmartBank or its affiliate, and
- All unsecured commitments by all creditors cumulatively shall not exceed 75% of the borrower’s total unencumbered liquid assets at all times
- $500 document prep fee
- Competitive variable rates based on loan amount
- Minimum credit score of 680 required
Private Unsecured Loan
Created to help you invest in your dreams, our unsecured financing options can help you get where you want to go.
- 1-5 year terms available
- Loan amounts starting at $50,000
- $500 Doc Prep fee
- Competitive fixed rates based on loan amount
- Minimum credit score of 680 required
Borrower must meet one of the requirements for Private Banking. Subject to underwriting and approval.