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Borrowing shouldn't be complicated. Your everyday borrowing needs can be met with one or more of our lending products. Whether you're preparing for occasional emergency expenses, taking advantage of an opportunity, renovating your home or cottage, or purchasing a new car or boat, one of these straightforward options is a smart choice for expanding your cash management options.
A personal line of credit you can use for special projects or unexpected needs. Apply once for this flexible loan and pay only when you need to use the money. It's just like having a pre-approved loan at your disposal, with all the privileges of a chequing account.
Purchasing a car? Planning a trip? Buying a business? Personal goals are as varied as people themselves. Whatever your dreams or opportunities, a personal loan may be the most straightforward option to make them a reality. Available with the following features:
A line of credit with the convenience of a chequing account that is backed by the equity in your home. It offers a flexible source of financing for home owners and features an attractive interest rate on the amount of credit used. It's an ideal way to finance major investments or renovations, especially those that have fluctuating cash flow needs. Not only will it allow you to access the value of the equity in your home, but it can also help you pay your mortgage faster!
| Personal Flex Line | All-in-One Account | Personal Loan | |
|---|---|---|---|
| Limit | $5,000 or more | $25,000 or more | $5,000 or more |
| Access | Full access like a chequing account | Full access like a chequing account | One time loan advance |
| Term | Revolving credit | Revolving credit | 6 months to 5 years |
| Security | Secured | First mortgage | Secured |
| Interest rate | Variable | Variable | Fixed or variable |
| Monthly fee | - | $25.00 | - |