Secured Line of Credit
A secured line of credit (SLOC) is secured by your savings, checking, or share certificate and allows you to access a line of credit equal to the amount secured.
Apply NowSecured Line of Credit
With a SLOC, you can borrow as much or as little as you need, whenever you need it — up to a credit limit established at closing. As you repay your outstanding balance, the amount of available credit is replenished — meaning you can borrow against it again throughout your draw period. Whether you need to cover vacation, school tuition, or fund a large purchase, SLOC financing can help.
Key Features
Competitive Rates
Interest Only Payments
Local Decisions
Friendly Service
- Turn your cash into a line of credit that is available as needed
- Your cash stays secured and is made available to you once the line of credit is paid and closed
- Competitive financing for several ongoing or seasonal needs:
- Education expenses
- Major life events
- Debt consolidation
- Emergency reserve
- Credit builder
- And much more
- Competitive rates
- Interest-only payments
- Online account management
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit — as principal is repaid, more becomes available for use
- Funds easily available via in-person or phone transfers to a specified Riverview checking account
- Set up automatic payments to be deducted from your account monthly
- Fast decisions made locally in the Belpre or Marietta area
- Attentive, friendly service from start to finish