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
Home Equity Line 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