Lines of Credit
A personal line of credit gives you flexible access to funds when you need them, empowering you to pursue your goals at your own pace.
It’s a smart way to manage ongoing expenses while staying in control of your dreams.
Access the funds you need whenever you need them
Personal LOC
A Line-of-Credit (LOC) maximizes your purchasing power, while providing valuable overdraft protection for a chequing account. It ensures access to funds when needed-without waiting or arranging for a personal loan. It's great for personal emergencies, car repairs, major home appliances, investment opportunites, education, RRSP, etc. Rates are lower than retail credit cards, so paying off credit card balances in full each month with a LOC limit can reduce overall borrowing costs.
Benefits:
- Owners control own credit
- Funds are accessible by personal cheque or cash withdrawal and debit card
- Competitive interest rate
- Flexible payment schedules
- Pay interest only on amount of funds used
Student LOC
Our Student Line of Credit is a flexible way to make continuing education possible. The program is diesigned for students who require funding for post-secondary education, including tuition, course fees, books, and living expenses while away from home. Students enrolling in full-time or part-time studies at a reconized post-secondary educaitonal institution (university, college, or techinical school) are eligible.
Features:
Features:
- Flexibility to take out and pay back portions of your loan whenever you want.
- Available for both full and part-time students.
- Convenient and affordable interest-only payments while in attendance.
- Flexible repayment schedules to meet a students' needs.
- Line-of-credit means you apply once, and advance funds as needed. You pay interest only on amount used.
