Loans up to
of your home equity
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.
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.