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Loans & Lines of Credit

Comparing Loans and Lines of Credit

Whether you are renovating your home, preparing for your child’s education, or taking a much-needed vacation, we have a lending solution to fit your needs and your lifestyle. 

Personal Loans

Ideal if you:
  • Have a one-time borrowing need
  • Want the option of a fixed or variable interest rate
  • Are looking to repay the full amount of your loan by the end of a set period of time
  • Would rather apply each time you want to borrow

EXPLORE YOUR OPTIONS >

Lines of Credit

Ideal if you:
  • Have an ongoing borrowing need
  • Want convenient and immediate access to the funds you have borrowed
  • Only want to pay interest on the amount you have used
  • Are looking to re-use available credit, without re-applying

EXPLORE YOUR OPTIONS >
 

Personal Loans

Automobile Loan

The ideal loan for those looking to get behind the wheel of a new vehicle.                   


Key features:

  • For a limited time, take advantage of our “easy on your budget” low fixed rate of 7.99% A.P.R.
  • Vehicle purchases 5 years old or less
  • Maximum 5-year term
  • Restrictions apply

Personal Loan

A great option for major purchases. A one-time lump sum for things like a home renovation, a wedding, debt consolidation (i.e. student loan, high credit card balances with a high interest rate), and more. 

 

Key features:

  • Competitive interest rates
  • Option of fixed or variable interest rate
  • Flexible terms: 1 to 5 years
  • Flexible repayment plans: monthly, bi-weekly, or weekly
  • Choose from a secured or unsecured loan
  • Credit life and disability insurance available

Special offer

Undertaking a home improvement project? This loan might be the solution.             


Key features:

  • Borrow up to $25,000
  • 5-year term
  • Take advantage of our "easy on your budget" low fixed rate of 7.99% A.P.R.
  • Limited time offer
  • Conditions apply
Home Equity lines of credit are also available. Rate is subject to change.

 

Lines of Credit

Personal Line

A flexible, low-cost way for you to borrow on an ongoing basis. Ideal for almost any purchase. 

 

Key features:

  • Competitive interest rates
  • Convenient access to funds when you need them
  • Access your credit again and again without re-applying
  • Only pay monthly interest on the amount you use
  • Pay your line of credit off at any time without penalty
  • Flexible repayment plans: monthly, bi-weekly, or weekly
  • Choose from a secured or unsecured line of credit

Home Equity Line

A low-cost, secure way for you to finance large and small home improvement projects using the equity in your own home. 

 

Key features:

  • Competitive interest rates
  • Borrowing is secured using the equity in your home
  • Convenient access to funds when you need them, with no pre-set minimum
  • Access your credit again and again without re-applying
  • Only pay monthly interest on the amount you use
  • Pay your line of credit off at any time without penalty
  • Flexible repayment plans: monthly, bi-weekly, or weekly

Student Line

Provides students with a flexible way to borrow money for tuition, books, living expenses and more.
 

Key features:

  • Competitive interest rates
  • Flexible limits for full-time and part-time students
  • Convenient access to funds when you need them
  • Only pay monthly interest on the amount you use
  • After graduating, you are given up to 6 months to start repaying the principal you've borrowed
  • No annual service fee and nothing to repay if you don't use the credit line

RRSP Line

Looking to top up your RRSPs? Our RRSP line of credit offers you the money you need to put toward annual RRSP contributions. 
 

Key features:

  • Ideal if you have unused RRSP contribution room
  • Maximize contributions year-round
  • Flexible payment plans: monthly, bi-weekly, or weekly
  • Only pay monthly interest on the amount you use
  • Pay your line of credit off at any time without penalty

Overdraft Protection

Give yourself a safety net with Overdraft Protection — a convenient, valuable service that protects your chequing account when you don’t have sufficient funds to complete a transaction. 
 

Features:

  • Attached to your existing chequing account
  • Quick and easy application
  • Interest is only charged on funds used
  • Covers cheques, withdrawals, electronic transfers, pre-authorized payments and other regular payments
  • Not available on our US Dollar Account

Fees:

  • No monthly fee

Let’s get started!

 
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