Sunmark is currently undergoing system maintenance on Saturday, November 12, so all rates are subject to change without notice. As a safety net, the company also offers an overdraft line of credit (OLC) that charges interest only on the amount used. This type of loan can range in size from $500 to $10,000.
Rates subject to change without notice
Rates for Sunmark mortgage loans are subject to change without notice. The prime rate is currently 7.00%, but is subject to change. Rates can also change during the loan processing period. Contact Sunmark Credit Union at 866-SUNMARK for more information.
Overdraft line of credit
A Sunmark Overdraft Line of Credit can provide you with a safety net should your current account fall below a certain limit. This type of loan can range from $500 to $10,000. It works in similar fashion to a credit card; if your available balance is lower than your overdraft limit, the bank will not allow the transaction. In some cases, your account may be suspended until you have enough available funds to cover the expense.
An overdraft line of credit is a short-term loan with interest. The lender charges interest on the money you borrow, but these charges are relatively low for a short-term loan. The bank will also charge a small annual service fee to maintain the service. However, the cost of borrowing money can add up over a long period of time.
Personal loans
If you’re looking for a low cost way to pay unexpected expenses or consolidate high interest debt, consider a personal loan from Sunmark. These loans let you lock in a low rate and make smaller payments every month, giving you more money to spend on other things. Personal loans are an excellent choice for borrowers who need cash immediately, but can’t qualify for a credit card or other large loan.