Best Personal Lines of Credit for 2025

A personal line of credit combines the flexibility of a credit card with the spending power of a loan. It’s ideal if you have ongoing expenses and want to borrow only what you need.

We’ve reviewed top lenders to help you find the best option for your credit and goals.

Table of Contents

1. Top personal lines of credit
   1. MoneyLion
   2. U.S. Bank
   3. Truist
   4. Elastic
2. How it works
   1. Types
3. Eligibility requirements
4. How to choose
5. Common uses
6. Pros and cons
7. Alternatives
8. FAQ

Top personal lines of credit

Here are the best personal lines of credit for 2025 based on rates, fees, features, and borrower experiences.

• Best marketplace: MoneyLion
• Best for no annual fees: U.S. Bank
• Best for a large line of credit: Truist
• Best for no-interest lines of credit: Elastic

MoneyLion

Best Marketplace

4.4 _/5

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Why MoneyLion is one of the best

MoneyLion is a marketplace that provides access to personal loans and lines of credit from a network of lenders. Whether you need a personal loan for a large purchase or a line of credit for ongoing expenses, MoneyLion lets you directly compare prequalified offers from one location.

You can complete the entire process online in seconds with a short form. Seeing your results is free and won’t affect your credit score.

• Offers access to both lines of credit and personal loans
• Compare prequalified offers from one location
• No application or service fees
• It doesn’t affect your credit score

• Only prequalified with its network of lenders

Rates (APR)	Vary by lender
Loan amounts	Vary by lender
Repayment terms	Vary by lender

Eligibility requirements

• Soft credit check: Yes
• Minimum credit score: None
• Minimum income: None
• States: All 50 states and D.C.

U.S. Bank

Best for No Annual Fee

4.4 _/5

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Why U.S. Bank is one of the best

U.S. Bank offers personal loans and unsecured personal lines of credit. You can get up to $25,000, and personal line of credit rates are competitive. If you’re getting a personal line of credit for emergencies, you can link it to your U.S. Bank checking account for easy transfers. You can also use it as backup overdraft protection for your checking account.

The lack of an annual fee is a standout benefit; most other lines of credit come with an annual maintenance fee. Once approved, you can manage your credit line at ATMs, online, through the U.S. Bank mobile app, at a branch, or using personal access checks. 

• Offers multiple lines of credit for different uses
• No annual fee
• Check your eligibility without affecting your credit

• Must have a U.S. Bank checking account

Rates (APR)	12.50% – 22.50%
Loan amounts	Up to $25,000
Repayment terms	1 – 7 years

Eligibility requirements

• Soft credit check: Yes
• Minimum credit score: 680
• Minimum income: Not disclosed
• States: All 50 states and D.C.
• Other requirements: Must be a U.S. Bank checking account client

Truist

Best for Large Lines of Credit

4.0 _/5

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Why Truist is one of the best

Truist offers several personal lines of credit to meet different needs. The amount you can borrow depends on the credit line you choose. Here’s how funding limits compare.

• Unsecured personal lines of credit: Borrow up to $50,000
• Secured personal lines of credit: Credit lines start at $25,000
• Ready Now lines of credit: Borrow $300 to $7,500
• Physician lines of credit: Borrow up to $100,000

Truist is one of the best personal lines of credit options if you need a larger credit line and you’re looking for competitive rates. You won’t pay any application or cash advance fees. 

If you have a Truist bank account, you can apply for a personal line of credit by phone. Otherwise, you’ll need to visit a Truist branch to apply. The bank doesn’t specify a minimum credit score required for approval.

• Choose between secured or unsecured lines of credit
• No application or cash advance fees
• Same-day funding available in select cases

Rates (APR)	Starting at 13.69%
Loan amounts	$5,000 – $50,000
Repayment terms	Not disclosed

Eligibility requirements

• Soft credit check: No
• Minimum credit score: Not disclosed
• Minimum income: Not disclosed
• States: All 50 states and D.C.

Elastic

Best for No Interest

3.8 _/5

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Why Elastic is one of the best

Elastic offers access to a smaller personal line of credit. You can borrow $500 to $4,500 to cover emergencies or day-to-day costs, and funding is available as soon as the next day after approval.

You might consider Elastic if you need funds fast and have a bank account. You’ll need a checking account to receive proceeds from your line of credit.  

Rather than charging interest, Elastic charges a cash advance fee and a carried balance fee to access your line of credit. The cash advance fee ranges from 5% to 10%, and the carried balance fee is $5 to $350, depending on how often you make payments.

• Funds available as soon as the next day
• Access to financial tools like Credit Score Plus and Financial U
• Check your eligibility without affecting your credit

• Fee structure makes it difficult to predict costs
• Not available in all 50 states

Rates (APR)	None, payment based on fees
Loan amounts	$500 – $4,500
Repayment terms	Not disclosed

Eligibility requirements

• Soft credit check: Yes
• Minimum credit score: Not disclosed
• Minimum income: Not disclosed
• States: Not disclosed

How personal lines of credit work

A personal line of credit is a revolving account. You borrow as needed up to a set limit and repay only what you use plus interest. Unlike personal loans (lump sums), lines of credit provide ongoing access during your draw period.

Types of personal lines of credit

• Unsecured: No collateral; higher rates but faster access.
• Secured: Backed by savings, investments, or home equity; lower rates, but your asset is at risk if you default.

Eligibility requirements

• Credit score: Often 580+, better rates with 680+
• Employment/income: Stable employment and income verification required
• Debt-to-income ratio (DTI): Preferably below 35% to show manageable debt levels

How to choose the best line of credit

• Credit limit: Ensure it covers your needs
• Rates and fees: Check APR, annual fees, origination fees
• Repayment terms: Know the draw period and repayment expectations
• Flexibility: Can it cover different expenses seamlessly?
• Lender reputation: Read reviews and confirm transparency

Common uses

Here are examples of when you might rely on a line of credit versus other borrowing options. 

Use	What it covers
Home improvements	Contractors, supplies, or other expenses
Debt consolidation	Pay off high-interest debts and streamline monthly payments
Medical expenses	Costs insurance doesn’t cover
Wedding expenses	Caterers, photographers, wedding staff, and decorations
Day-to-day bills	Filling the gaps between paychecks
Unexpected expenses	Car repairs, veterinarian bills, and other emergencies

Pros and cons

Pros

• Flexible access to funds

• Only pay interest on what you use

• Often lower rates than credit cards

Cons

• Variable rates can increase costs

• Fees may apply

• Overuse can hurt your credit score

Alternatives

Product	Best for
Personal loan	Lump sums, fixed payments, and rates
HELOC	Homeowners needing large funds tied to equity
Credit card	Small purchases, rewards, or short-term needs

FAQ

Can you use a personal line of credit for anything?

Yes, you can use a personal line of credit for any purpose, including consolidating high-interest debt, renovating your home, taking a vacation, improving cash flow, or making a large purchase.

Are there fees?

Yes, many lenders charge fees when you take out a personal line of credit, but these vary by lender. They could include origination fees, late fees, cash advance fees, and annual fees. These can add to the overall cost of your loan, so it’s important to consider them when you’re comparing lenders.

 What if I miss a payment?

Most lenders will charge you a late fee if you miss a payment on your personal line of credit. Your lender might also raise your interest rate. Your lender will also report it to the credit bureau if you’re more than 30 days late. 

Your payment history makes up 35% of your credit score, which means your credit score will drop if you’re late.

How we selected the best personal lines of credit

Since 2017, LendEDU has evaluated personal loan companies to help readers find the best personal loans. Our latest analysis reviewed 1,029 data points from 49 lenders and financial institutions, with 21 data points collected from each. This information is gathered from company websites, online applications, public disclosures, customer reviews, and direct communication with company representatives.

These data points are organized into broader categories, which our editorial team weights and scores based on their relative importance to readers. These star ratings help us determine which companies are best for different situations. We don’t believe two companies can be the best for the same purpose, so we only show each best-for designation once.

Higher star ratings are ultimately awarded to companies that create an excellent borrower experience with affordable financing solutions. This includes offering online eligibility checks, cost transparency, little to no fees, and other unique benefits to support borrowers in repayment.

Recap of the best personal lines of credit