How loans work: 

• Apply for the loan
• Receive the entire funds upfront
• Pay it back over time

Personal loans are typically used for:

• Major purchases
• Debt consolidation
• Auto
• Recreational vehicles
• Boat & Marine

How lines of credit work

• Apply for the line of credit
• Access your money as you need it
• Pay it back over time on a schedule or pay interest only
• Pay down the line of credit as often or as fast as you wish
• Set up recurring transfers online to control extra payments

Lines of credit are typically used for:

• Renovations
• Unexpected expenses
• Education
• Wedding