Line of Credit

Line of Credit in Des Moines, IA

It's good to have a back up plan. Since we don't know when those little expenses will show up or what they will be, it's nice to have a back up Line of Credit from Financial Plus.

A line of credit is a flexible loan from Financial Plus that contains a defined amount of money that you can access as needed and repay either immediately or over time with interest. When you take out a line of credit, you are borrowing the exact amount of money that you need and paying that back rather than taking out a large loan and pay that back plus interest.  

Personal lines of credit are open-ended loans that allow you to withdraw funds as needed for a set period of time. The funds can be accessed through bank transfers or line-of-credit checks, and the borrower is allotted a credit limit for the loan’s term, which cannot be exceeded. Personal lines of credit are usually unsecured loans, so there’s no collateral backing the loan. Personal lines of credit generally permit you to use the funds as you want if the amount spent falls under the credit limit. So, whatever financial needs pop up, you can have the money easily and pay off what you need to and then pay off the exact amount you borrowed. 

There are quite a few benefits to opening a line of credit; you can borrow only the money you need, and the interest is only on the amount you borrowed. We offer flexible repayment options, and you have constant access to your funds. Lines of credit have a lower average APR than credit cards, and there are restrictions on your use of the money.  

Lines of Credit are available up to $6,000 and payments depend upon the amount you borrow from the line. There is no penalty if you decide to pay it back early.


And just like a good computer back up, life's little financial crashes won't bother you anymore.



Apply now!



Type Term APR* as low as
Revolving Open End Loan 36 Months 13.00%


*Annual Percentage Rate (APR) based on product, term and credit.
**All loans subject to approval. Terms and conditions may apply.

***Repayment example = For a $6,000 line of credit for a term of 36 months with a 13.00% APR, the monthly payment would be $202.00.