Unsecured Line of Credit (Easi-Loan Plus)
About This Loan
The Line of Credit (Easi Loan-Unsecured) Loan offers members the chance to borrow a minimum of $50,000 and a maximum of $300,000 with no need for collateral, unlike the Easi Loan-Secured category. It is one of the two categories offered by the Line of Credit Loan opportunity.
What You Need To Know
in Available Funds
3 - 5 Working Days
Avg. Approval Time
As Low As
Who is This Loan Primarily For?
Cornwall residents, who have an active Gateway account for 2 years, looking for funding
Cornwall residents who need a small loan to fund personal activities
Cornwall residents who do not have assets to use as collateral
Do I Need Collateral To Apply For This Loan?
No, the unsecured line of credit does not require collateral.
Minimum Amount Disbursed For This Loan?
What Are The Requirements To Apply For This Loan?
Must have active account for 24 months
Completed scoring sheet
Debt service ratio history
Required to maintain a minimum balance of 5% of your approved limit as long as the loan is being used
Only open to Gateway members who have had an account for over 24 months