We offer a personal unsecured line of credit, available to depositors living or working in NJ, which is made part of their NVE Bank, A Division of Ion Bank (“NVE”, “NVE Bank”) 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 Bank, A Division of Ion Bank (“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.