Our personal line of credit is an unsecured line of credit that is good for two years from the date of approval. Once approved, you can make advances up to your approved limit, however, the amount actually approved can vary based upon what you qualify for. The loan payment amount is $25 per $1,000 borrowed. So, for example, if you advance $5,000, the minimum payment would be $125 at an annual percentage rate of 12.00%. If you did not make any more advances on the original advanced principal and made your contractual monthly payment, then this loan would have a zero balance in approximately 4 years and 4 months. Obviously, if you paid more than the required monthly amount, the duration of the loan would decrease.