RMO Financial offers revolving lines of credit that give you flexible access to funds when you need them, without having to reapply each time.
MyLine — An unsecured personal line of credit with a credit limit ranging from $2,000 to $25,000. Draw funds as needed through MyRMO and only pay interest on the amount you use. Variable APR applies based on your creditworthiness and market conditions.
MyLine Secured — A secured personal line of credit backed by your RMO savings account or CD. Because it is secured, you may qualify for a higher credit limit (up to $50,000) and a lower variable APR. The collateral remains in your account and continues to earn interest while securing the line.
Key Features:
- Revolving access: As you repay, your available credit is restored for future use.
- No draw fees or annual fees.
- Minimum monthly payments based on your outstanding balance.
- Manage draws, payments, and balances entirely through MyRMO.
To apply, log in to MyRMO and navigate to "Lending," or schedule an appointment through MyRMO or by calling us to discuss your options with an Expert.