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A personal line of credit sets up access to financing.

Personal line of credit

Access money whenever you need it, and only pay interest on what you borrow.

Not sure when you’ll need to access the funds?

Be ready for surprises, good and bad. With a line of credit, you can withdraw cash on a moment’s notice at an affordable interest rate.
Use a personal line of credit for repairs.
Emergency Repairs
Use a personal line of credit for unexpected expenses.
Unexpected costs
Use a personal line of credit for a vacation.
Spur-of-the-moment trips
Use a personal line of credit to renovate.
Consolidate your debt
Use a personal line of credit for big purchases
Large purchases

Borrow with flexibility

By setting up a line of credit, you can borrow whatever you need, any time, up to your limit. You have to pay the interest on your debt monthly, but you don’t have to pay any more if you don’t want to. Any repayments you do make free up room to borrow again.

  • Limits of $5,000 or more
  • Withdraw online or using a debit card, ATM, or cheque
  • Pay interest only on the amount you borrow
  • Loan protection insurance available
  • Money available for emergencies
  • Interest-only monthly payments
  • Repay some or all of your borrowed amount anytime
  • Substantially lower rates than credit cards

Ways to bank with us

The many ways you can access your accounts, documents, statements, and more:

Explore all loans and lines of credit

Home equity line of credit

Get all the flexibility of a personal line of credit, with a better interest rate.

View details

Personal loan

Borrow a specific amount, all at once, with a schedule to keep repayments on track.

View details

RRSP loan

Retirement savings need a nudge? Maximize your RRSP contribution and your tax deduction.

View details
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