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Lines of Credit

Access the funds you need whenever you need them.

Choose the right option for you.

Overdraft Protection

Perfect for you if…

You need short term credit in case of emergencies. Overdraft protection is a small line of credit attached directly to your chequing account. It gives you that financial breathing room and acts as a simple way to protect your credit rating.

Key features
  • Interest is charged only when used and is calculated on the amount used
  • Monthly overdraft fee of $5 applied only when used

Line of Credit

Perfect for you if…

You are looking for a way to access funds when needed – without getting a personal loan. You apply once and can borrow against an approved limit.

Key features
  • Control how much you borrow
  • Funds are accessible with Interac debit, e-Transfer and cash or cheque withdrawal
  • Competitive interest rates
  • Flexible repayment options
  • Low-cost life and disability insurance available

Student Line of Credit

Perfect for you if…

You are looking for an affordable way to pursue your education. Students can borrow to assist with the cost of attending a post-secondary institution. 

Student lines of credit are available to full or part-time students (a co-signer may be required)

Key features
  • Competitive interest rates
  • While in school, you pay only for the interest on your student line of credit
  • Regular loan payments on the principal do not begin until six months after you have stopped being a student
  • Additional six months may be negotiated if you are unemployed
  • Repayment over 10 years, depending on amount
  • Low-cost life and disability insurance available

Total Access Home Equity

Perfect for you if...

You are looking for the convenience of using your home's equity whenever you want. Unlock your home's equity to meet your ever-changing financial needs. 

Key features
  • Access up to 80% of your home's value at anytime
  • Customized mortgage terms
  • Flexible payment options
  • Save interest charges with debt consolidation
  • Low-cost life and disability insurance available

Get your line of credit more ways

Not sure which line of credit is right for you?

We’ll be happy to help you pinpoint the option that best suits your needs.

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Line of credit rates

Take a look at the latest competitive rates we offer for our line of credit solutions.

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Level up your financial know-how

Guide to borrowing

Any time you take on debt, it’s important to understand the ins, outs, and implications of your choices. 

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