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Performance of Our Signature Funds

Fund Daily Unit Values Historic Rates of Return

Values for:

As of:

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Student loans, credit card bills, home repairs, waiting for that full-time position…it's a lot to juggle. Add to that a wedding or a first child and a line of credit (LOC) is your port in a storm. It's a pre-approved loan for a set limit that you can tap whenever you need to and for whatever purpose. With lower rates than conventional credit cards and flexible payment options, a LOC can save you thousands of dollars in interest charges annually.

  • Unsecured Line of Credit

    Less than $50,000
    Loans up to

    Contact us for details

    Starting at

    Contact us for details

    Do you have multiple high-interest credit card balances and loans? Lower your interest payments (and headaches) with a no-fee Unsecured Line of Credit (LOC). Low-interest rates and minimum monthly payments can help smooth out your monthly expenses so you can stop worrying and start living.

    Common Questions

    • Why an Unsecured Line of Credit instead of a Loan?

      You're in control. You decide when, or if, to use it, how much to withdraw and what to use it for. Unlike a loan, you don't pay interest until you use it. And it's reusable. Once you're approved you can tap the line whenever you need to.

    • Can I make payments at any time without penalty?

      Yes, make as many payments as you would like. Payments may be made weekly, bi-weekly, mid-monthly or monthly.

    • How can I access my funds?

      You can access your Line of Credit through any of these methods: online, by phone, cheque or ATM.

  • Secured/Home Equity Line of Credit

    $50,000 and up
    Loans up to

    80%

    of your home equity
    Starting at

    3.45%

    variable interest rate

    This option gives you the highest credit limit available, based on the equity in your home. You can receive a loan up to 80% of your property's value. Enjoy the option of interest-only monthly payments, lower interest rates and lower monthly payments than you would get from the unsecured line of credit.

    Common Questions

    • Why a Secured Line of Credit instead of a Loan?

      You're in control. You decide when, or if, to use it, how much to withdraw and what to use it for. Unlike a loan, you don't pay interest until you use it. And, unlike a Loan, it is reusable. Once approved, you can tap into it whenever you need to.

    • Can I make payments at any time without penalty?

      Yes, make as many payments as you would like. Payments may be made weekly, bi-weekly, mid-monthly or monthly.

    • How can I access my funds?

      You can access your Line of Credit through any of these methods: online, by phone, cheque or ATM.

  • Ready to talk lines of credit with us?

    Get in touch with an Agent - Regional Director
  • Ontario Teachers Insurance Plan
    OTIP RAEO logo Don’t get stuck paying too much for car or home insurance! Learn about exclusive savings, service and perks available for members of the education community. Plus, get a $20 gift card of your choice when you get a car or home insurance quote from OTIP!* Get a quote from OTIP! *Restrictions apply. See details. Learn more

Ready to talk lines of credit with us?

Get in touch with an Agent - Regional Director

Read more about lines of credit

Visit The Learning Centre
Borrowing
Know the difference: secured vs. unsecured lines of credit.
man-calculator-bills-finances
Borrowing
Why pay more interest on your debt than you have to?
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Planning
How to prepare for sudden financial challenges
Visit The Learning Centre

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Educators Financial Group partners with a number of lenders (we act as a brokerage), so rates and products are subject to change at any time without notice. Not all programs/features/benefits are available with each lender. Speak to an Educators’ Agent-Regional Director for full details.

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