Overdraft Line of Credit
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Protect Your Checking Account
Overdraft Line of Credit (ODLOC) protection can cover those times when you may need more money than you have available in your checking account. If you overdraw your checking account, HFCU will automatically deposit enough funds from your Overdraft Line of Credit to cover the overdraft amount. You pay interest only on the amount of the line used and avoid returned check fees.
ODLOC Rates
| Type of Loan | Term | VARIABLE APR AS LOW AS7 | FIXED APR AS LOW AS 7, 9, 10 |
|---|---|---|---|
| Overdraft Line of Credit | N/A | N/A | 18.00% |
Overdraft Line of Credit Disclosures
7 APR=Annual Percentage Rate. Actual rate may vary based on credit worthiness and down payment, if applicable. All extensions of credit are subject to credit approval. Rates shown are lowest offered for the loan products advertised. Applicants that are not approved for these loan rates or terms may be offered credit at a higher rate and/or with different terms. The representative monthly payment based on a 5-year term Personal Loan at 9.99% Annual Percentage Rate is $21.24 per $1,000 borrowed. All rates and terms are subject to change without notice. Offer may be withdrawn at any time without notice. Contact a credit union employee for further details. Other terms and conditions may apply.
9 All rates quoted include a 0.50% reduction for members who authorize payment of their HFCU loan through an automatic electronic funds transfer, debited from any account.
10 The maximum APR that may be imposed is 18.00%.