Flexible borrowing with a line of credit
Instant & ongoing access to extra money
Get the funds you need, when you need
A line of credit on your chequing account gives you convenient, ongoing access to funds up to your credit limit with flexible repayment options.
Choose Cashable and Redeemable term deposits if you:
Finance your home improvements
Easily access cash for renovations that’ll get you a new roof or dream kitchen.
Protect yourself from unexpected expenses
Use your line of credit as an emergency cushion against unplanned costs.
Simplify your life by consolidating debt
Pay off your debts, get one lower rate and greater peace of mind.
PERSONAL LINE OF CREDIT
Easy access to your funds at a competitive rate
A personal line of credit attached directly to your chequing account means convenient access to extra funds plus overdraft protection when you need it.
Key features:
- Access funds by using your chequing account as you normally would (use cheques, e-Transfers or your debit card).
- Pay as little as interest only monthly with interest charged only on the amount you borrow.
- Pay down with no penalty, as often as you wish
PRIMELINE HOME EQUITY LINE OF CREDIT
Use the equity in your home to take advantage
Take on those bigger projects by borrowing up to 65% of your home’s value at a competitive rate.
Key features:
- Borrow up to 65% of the value in your home
- Access funds by using your chequing account as you normally would (use cheques, e-Transfers or your debit card)
- Pay as little as interest only monthly with interest charged only on the amount you borrow
- Pay down with no penalty, as often as you wish
Personal Loan or Line of Credit?
Two different solutions for your borrowing needs. Here’s the breakdown:
Line of Credit
Access your money when you need it Pay it back on your schedule or just pay interest monthly Pay it down as often as you want to reuse the freed up funds
Personal Loans
Access your money when you need it Pay it back on your schedule or just pay interest monthly Pay it down as often as you want to reuse the freed up funds
