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We're sorry, we currently do not offer the loan product that you have selected.
As an alternative solution, please review the offer below.
Bank of America® Flexible Line of Credit
Call now to request up to $25,000*
GradLoans has partnered with Bank of America to offer a special financing program to offer graduate students1 the opportunity to apply for a credit line up to $25,000 at a non-variable rate. Upon approval, funds can be deposited directly into your checking account!
Pay off Your Bills
Here's a chart showing how much lower your monthly payments could be:
Samples are based on the account qualifying for the 8.99% APR; the payments will be higher if the account is approved with a higher APR. APR increases of additional advances will lengthen term or increase payments. All payment amounts and terms are estimates based on an APR of 9.99%. Your APR may be higher. The issuer will set your initial APR between 9.99% and 24.99% based on creditworthiness. See below for additional information on APR and the transaction fee.***
| Amount Borrowed | 36-Month Term | 48-Month Term | 60-Month Term | 72-Month Term |
|---|---|---|---|---|
| $25,000 | $840 | $660 | $553 | $483 |
| $15,000 | $504 | $396 | $332 | $290 |
| $10,000 | $336 | $264 | $222 | $193 |
Benefits of the Bank of America Line of Credit
- Upon approval, money can be deposited directly into your checking account
- Request any amount up to $25,000
- No collateral required
- Use the money for anything - Upon approval, you can pay off non-student loan bills****, make a large purchase, or even give yourself extra cash.
- Bank of America will send you checks. Simply write a check to tap into your available credit line.
- Use it again and again - Request additional funds against your available credit**
Interest Rate and Fee Information
- Fixed, non-variable rate as low as 9.99%***
- There is no application fee
|
Important Disclosures * Upon approval, the issuer will establish your credit line based on creditworthiness. Your actual credit line could be lower than $25,000. ** You may request additional advances on this account. For each additional advance, we will restart your monthly repayment term and recalculate your monthly payment amount. Borrowing the full amount of your available credit may result in an overlimit fee because fees and finance charges may cause your balance to exceed your credit limit. *** FIA Card Services, N.A. ("the issuer") will set your initial APR between 9.99% and 24.99% based of creditworthiness. By "non-variable rates" we mean that the APR will not automatically vary with an index, such as the Prime Rate The issuer reserves the right to change your APR, fees or other credit terms at its discretion. Additionally, if you fail to pay your minimum monthly payment by its Payment Due Date on any two occasions within 12 consecutive months, the issuer may increase your APR up to a Default APR of 27.99%. Repayment term and payment amount are estimates which may change if, for example: the issuer changes your APR, you make late or partial payments, the issuer assesses fees, you enroll in Credit Protection, or you take additional advances. You will pay 3% transaction fee on each advance (minimum fee $5; there is no maximum). **** We may prohibit use of this account to pay off or pay down any account issued by FIA Card Services, N.A.
This account is issued and administered by FIA Card Services, N.A. 1 For tips on building credit and budgeting, visit www.BankofAmerica.com/StudentCreditTips |
