Consumer Credit Lines
We offer an unsecured Texas Flex Credit Line, which will enable you to make yourself a loan simply by writing a check. Use it whenever you need cash. You can pay off higher interest credit cards and save money. Contact a loan officer near you.
Credit limits are based upon annual income and current liabilities. Subject to credit approval.
The benefits of making yourself a loan:
The Texas Flex Credit Line is as flexible as you want it to be. Our credit line is a personal line of credit under which you may qualify for as much as $50,000* at an interest rate of 3.5% over Wall Street Journal Prime Lending Rate**. Annual Percentage Rate (APR) is paid on average daily balance.
Access your Personal Credit Line in two ways:
Activity history repayment methods
Each month you will receive a statement of your Credit Line account activity. Repayment is 2.5% of the outstanding balance or $25, whichever is greater. If you choose, your minimum monthly payment can be automatically drafted from your checking account. You may pay all or part of your credit balance at any time without penalty. There is a $20.00 annual fee.
* Credit limits are based upon annual income and current liabilities. Approved credit levels will range from $500.00 to $50,000. Subject to credit approval.
** The variable rate used in the Lubbock National Bank / Commerce National Bank Credit Line Agreement will be equal to the Wall Street Journal Prime Lending Rate in effect on the last day of the month plus 3.5%, and will change and be effective as of the 1st day of the month following a prime rate change.
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