Personal Lines of Credit

A line of credit is much like a credit card – move into and out of the line of credit and only pay interest on the amount of credit you use each month. Speak with a lender about your line of credit.

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Lines of Credit


Line of Credit

A line of credit is a revolving balance of funds that can be attached to a chequing account. Line of credits can also be attached to a sub account separate from chequing account dependent on personal preferences. To learn more about lines of credit, speak with your financial services representative.

Line of Credit

A home equity line of credit (HELOC) works the same way as a personal line of credit with the only difference being that it is secured by your mortgage. Benefits include:

  • Easy access to funds through your debit card, cheques, online banking, telephone banking, or in-branch
  • Flexible repayment options where you can pay as little or as much as you want as long as the minimum payment is satisfied
  • Low interest rates that are better than credit card rates
  • Life and disability insurance available
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