Lifestyle Loan

With a loan, you get all of the money at once, and then you pay it back over a set period.

With a line of credit, you borrow the money you need when you need it, up to a set limit. Then, you pay it back over time. Your monthly payment may change depending on how much you borrow. As long as your line of credit is open, you can continue to borrow money and pay it back, up to your maximum limit.

You can use your loan for just about any personal expenses, including tuition and education, paying off credit cards or other debt, and big events like weddings.

An installment loan is a loan that you pay back in fixed payments over a set period. When you’re approved for an installment loan, you get all of the money at once. Then, you pay a specific amount each month for the life of the loan. Many installment loans have a fixed interest rate, though some have a variable interest rate.

With a secured loan, lenders use something valuable, like your car or your house, as collateral. This means that if you can’t make your loan payments, the lender takes that collateral to pay back the loan.

With an unsecured loan, you don’t put up any collateral. Instead, the lender decides how much you can borrow based on your credit history.

Because they’re secured by collateral, secured loans usually have lower interest rates than unsecured loans.

That depends on the type of loan. If you aren’t a Georgia resident, contact us to speak with a loan officer.