Lines of Credit

A Line-of-Credit (LOC) maximizes your purchasing power, while providing valuable overdraft protection for your 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.

For situations that demand cash now - not later, we offer:

  • HOME VALUE LOC- You work hard for your home so why not put it to work for you?
    • Your home is used as security on this type of loan and you can qualify from $10,000 to $50,000. 
    • Interest rate starting at Prime + 1.5% with home as collateral
    • A monthly minimum payment of interest is required
    • 75% of equity is used
  • PRESTIGE LOC - A better way to borrow!  
    • You can qualify from $5,000 to $35,000 usecured
    • A minimum payment of 3% of the balance is required
  • POCKET MONEY LOC- Cash when you need it!  
    • You can qualify up to $5,000.
    • A minimum payment of 3% of the balance is required


Benefits of all LOC products:

  • Owners control their own credit
  • Funds are accessible by personal cheque, cash withdrawal or debit card
  • Competitive interest rate
  • Flexible payment schedules
  • Pay interest only on amount of funds used 
  • Life and Disability Insurance is available at a very minimal cost

Choose the LOC that's right for you!