Personal Line of Credit
Who should get this loan?
Borrowers who want to have a pre-approved amount available to use at any time and for any purpose. This line of credit is an excellent choice if you manage your credit well and can withstand moderate interest rate fluctuations.
- Variable rate based on the amount, your financial assets and collateral provided, if required.
- Rate fluctuates in relation to the personal base rate charged by financial institutions.
- Interest is calculated on the daily balance so you only pay interest on the amount you have used.
- Minimum of $500.
- The amount available is set based on your needs, financial situation and ability to repay.
- You can apply to increase an existing line of credit.
- Loan payment frequency is flexible: daily, weekly or monthly.
- You can choose to pay:
- a percentage of the monthly balance;
- a fixed or variable amount;
- or just the monthly interest.
- No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees.
Access to funds
- At an ATM, online via AccèsD Internet, by cheque or at your caisse.
- Renovate your home.
- Pay travel expenses.
- For any other expenses.