Huntington Bancshares Incorporated
METHODS AND SYSTEMS FOR RENDERING A LINE OF CREDIT MICRO LOAN

Abstract:

Methods and systems for rendering a line of credit micro loan have been disclosed. The method may be carried out by a server's processor executing code stored in a non-transitory computer-readable medium to carry out steps including: evaluating borrower's eligibility for approval of a micro loan, which an amount of the micro loan may be determined based on borrower's account relationship with a financial institution. The method may advance funds up to the approved amount into the borrower's at least one opened deposit account. The micro loan may be repaid through automatic debiting from one of borrower's at least one opened deposit account over a repayment period.