Personal Line of Credit

Use a preapproved amount as you see fit.

Is this line of credit for you?

  • You wish to use a preapproved amount as you wish.
  • You know how to manage your credit well.
  • You can stand moderate fluctuations in interest rates.
Outlines

Interest rate: Variable rate based on the authorized amount, your financial assets and collateral provided, if required.

Amount available: Minimum of $500, based on your needs, financial situation and ability to repay.

Repayment: You can choose the repayment option which suits you

Access to funds: At an ATM, online via AccèsD Internet, by cheque or at your Caisse.

Features

 

Interest Rate
  • 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
Amount available
  • 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
Repayment
  • 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
Possible uses
  • Renovate your home
  • Pay travel expenses
  • For any other expenses
Other
  • Line of credit transactions appear on your monthly statement of account.
  • No administration fees.
  • Line of Credit Insurance (life and disability) available.
  • See Line of Credit Insurance
  • Eligible for potential member dividends.
    Find out more about member dividends

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