Line of Credit (“LOC”)

NovaFi offers a flexible line of credit (LOC) to those who qualify

Revolving Line of credit approvals from $5,000 to $1,000,000 Max amortizing term up to 36 months with fixed weekly payments Fast approvals and fundings in less than a week Streamlined underwriting process with minimal documentation Revolving Lines of Credit with Interest-Only Options Finance charges accrue and are collected weekly No minimum finance charges required Closing points only charged on cash ou

A revolving period of up to 1 year (52 weeks) Unlimited draws of $5,000 or more during the revolving period Unlimited principal paydowns of $5,000 or more during the revolving period Every payment made and partial principal paydown frees up line availability Unlimited partial principal paydowns for up to a year Pay off or pay down your line of credit without penalty