Whether you need help managing your cash flow or covering large expenses, Cadence Bank can help with a personal line of credit. You get a ready source of funds for any situation — and a competitive interest rate. And, you pay interest only on the amount you borrow.
Lines of Credit
A home equity line of credit* lets you borrow against the equity you have built up in your home. It can be one of the smartest ways to borrow cash for anything you need to do. Cadence offers competitive rates, reasonable closing costs and the convenience of easy 24/7 access to your money. We make it simple by giving you up to $700 off closing costs and no application fees — plus the interest may be tax deductible.**
MoneyLine — Unsecured Line of Credit
Use your good credit to make important purchases for your household. MoneyLine is a line of credit that is unsecured and based on your credit. It gives you the freedom to access extra cash quickly, when you need it, 24/7. It’s as fast and simple as writing a check — you just transfer funds into your checking account in person, by phone or online.
Overdraft Credit Line
You can tie your checking account and Cadence CheckCard to an approved line of credit that will automatically protect you from bouncing checks or overdrawing your account. Should your checking account fall below $0, funds are immediately transferred to your checking account in increments of $100. It can save you overdraft charges and provide peace of mind. You can also use it for extra cash in case of emergencies.
Contact a Cadence Bank location near you to discuss the right line of credit option for your needs and budget.
All lines of credit are subject to normal credit approval and underwriting processes.
*Cadence Bank pays customary closing costs up to $700 including credit report, flood certification, collateral valuation, property report, signing and recording services. To be eligible for a waiver of closing costs, you must take an initial draw of $10,000 or 100% of the line of credit if the line amount is less than $10,000. Customary closing costs do not include wire fees, title insurance premiums or appraisal fees, if applicable. You must pay any difference between actual closing costs and costs paid by Cadence Bank. Typical closing costs on an equity line of credit range between $98 and $3,307. You also pay state taxes if applicable. Offer limited to owner-occupied, primary or secondary residences (manufactured homes are ineligible) in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas with combined loan-to-value (including the amount of your new line) of less than 80% based on property inspection or appraisal satisfactory to Cadence Bank. Cadence Bank must have a first or second lien position in your primary or secondary residence at closing. Cadence Bank may require a title and flood insurance policy, and you must provide evidence of hazard insurance coverage in an amount acceptable to Cadence Bank, which is at least equal to the lesser of 100% of the replacement guaranteed coverage, or the amount of this line plus any other outstanding lines or loans on the property.
**Consult a tax advisor to determine tax-deductibility of interest.