Line of Credit

Benefits of a Line of Credit

  • Immediate access to fund when you need it for emergencies, home or car repairs, and other smaller purchases
  • Allows you to overdraw your chequing account within a pre-established limit, and interest is only calculated on the amount utilized on a daily basis, charged monthly
  • Lower interest rates than credit cards, with the same convenience
  • Funds accessible through many options such as a debit card, writing cheques, online banking, and in-branch.
  • Flexible repayment options and repayment is as simple as depositing into your account
  • Reduces the need to apply for a small loan for qualified members

Commercial/Ag Line of Credit

  • Custom tailored flexibility to help your business operate when your cash flow in does not always match cash flow out.
  • No separate account to manage. The line of credit operates like an overdraft on your chequing account
  • Saves money as you only pay interest on the amount you are using for the number of days the line of credit was used
  • No interest charges in the line of credit is not used
  • Competitive and affordable interest rates

Home Equity Loan/Home Equity Line of Credit

If you have equity in your home and need to borrow money for a home renovation or other major purchase, a home equity loan or home equity line of credit may suit your needs.

  • Lower interest rate than a personal loan
  • Longer terms to make monthly payments more affordable
  • All home equity loans and lines of credit can be repaid at anytime without penalty

Contact us for an appointment

Please call any of our branches to be put in contact with one of our lending specialists.