We offer a personal unsecured line of credit, available to depositors living or working in NJ, which is made part of their NVE Checking Account. It is used for overdraft protection. Any time the checking account is overdrawn; the line will advance funds in $100 increments to cover the overdraft. Overdraft lines of credit are available from $500.00 to $5,000.00. Available balance is included in checking account balances for ATM transactions. Interest is computed at a simple interest rate based on the daily outstanding balance. The current APR* is 15%. There is no application fee or annual fee.

Alternative to a personal loan.
We offer a personal loan secured by your certificate type savings account with NVE in accordance with applicable State and Federal regulations. NVE will grant loans of $1,000 or more on a repayment basis. The loan amount may not exceed 90% of the deposit account balance.