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How a Line of Credit Works

An Avío Credit line of credit is a flexible loan that allows you to use your funds if, when and how you please. Apply once and have access to funds up to your credit limit as long as your loan remains open.

How Personal Lines of Credit Work

1. Apply

Complete your application with our 100% online loan process.

2. Receive a lending decision

If approved, we will provide you with a credit limit.

3. Get your funds

Have your money direct deposited into your bank account.

4. Make payments

Make regular payments over time, with the option to pay off or pay down your loan early.

5. Withdraw cash

Use as many cash advances as you wish up to your credit limit.

Get Started Now

Ready to get started? Here's what you will need to start your online application.

Valid identification

Proof of income

An open bank account

Email address

Social security number

Line of Credit Questions

Funds will typically be deposited into your account by the next business day.
Avío Credit gives you options on repaying your loan. Choose from any of the following options:
  • Minimum Payment: Each billing cycle, all interest accrued at the end of the prior billing period and a percentage of your principal balance will be due.
  • Additional Payments: You may make payments in addition to your minimum, in any amount and at any time. Repaying your account balance early can reduce your interest.
  • Pay in Full: You may pay your account balance in full at any time without any prepayment penalties. Paying your balance in full will reduce your interest and reinstate your full available credit.
Avío Credit offers personal lines of credit up to $5,000.
You can access your credit, up to your approved credit limit, as you pay down your principal balance. Access your available credit by signing into your account online and clicking the ‘Cash Advance’ button.
Payments will typically be scheduled around your pay days. Payments will include a percentage of your loan’s principal balance, plus the accrued interest. You can save on interest paid by making additional payments or paying more toward your principal amount.