Enjoy convenient, easy-to-access cash with lower minimum payments. You’ll also pay less interest than with a credit card. Get your safety net today!

  • Get your approval in one business day!

Discover the benefits of a line of credit!

  • Enjoy fast cash when you need it
  • Make lower minimum payments
  • Pay less interest than a credit card
  • Earn cash dividends

Join the 62,000+ Canadians who bank with us
Get the best personal loan online!

Personal Line of Credit vs Credit Card

Based on $1,000 balance. These are estimates for example purposes only.
ItemLine of CreditCredit Card
Interest Rate13%21.99%
Monthly Interest Paid$10.83$18.33
Payment OptionsFlexibleStandard
Interest Charged OnThe money you useThe money you use
Annual Fee$25Up to $150

The best line of credit for the money you need

Know you’re always covered

Your approved line of credit is tied to your chequing account. So, when you’re in need of extra funds, it’s immediately available for you. It can be a true safety net.  

Enjoy low minimum payments

A line of credit is a small personal loan. That means lower minimum payments. It’s affordable borrowing when you need it.

Discover lower rates

Get lower rates than you’d pay on a credit card. And only pay interest on the money you use. Your interest payments will be lower than with a larger loan as well.

Earn cash for everyday banking

With our Member Rewards program, you’ll earn cash dividends by having your line of credit with us. The more you bank with us, the more you benefit!

Line of Credit Additional Information

  • Available for personal use only
  • Interest earned on daily closing balance and paid at month end
  • Minimum credit limit - $5,000
    • Limits over $5,000 to $50,000 inclusive (increments of $1,000)
    • Limits over $50,000 (increments of $5,000)
  • Unlimited prepayment
  • Interest payable monthly on last day of the month
  • Applicable application fees
  • Applicable annual line of credit/authorized overdraft fees
  • Minimum repayment period is daily
  • Maximum repayment period is monthly

Need help?

Ask an Advisor

No jargon, no hidden fees, and no pressure. Only smart advice!


Our No-Fee Bank Account has no monthly fees and no minimum balance requirements. Save ~$11/month in fees!


Earn cash dividends simply by doing your everyday banking with us. The more you bank with us, the more you benefit.


Your business helps us support your community. We allocate 2% to 4% of pre-tax profits/year to our communities.

Enjoy affordable, easy financing

Pay less for the money you need. Easily apply for ongoing access to cash today.

Need more help choosing your loan?

Try our loan selection tool!

Rates subject to change without notice.

Calculators on the site are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please contact us directly to seek personalized advice from qualified professionals for all personal finance issues.

Learn more about our accounts and services. Review our Account and Fee Information (pdf).

Identify the interest rates applicable to your account(s) and how they're calculated. Review our About Our Interest Calculations (pdf) document.

Loans and mortgages can be approved in one business day if you have submitted all required paperwork  OR, you will be able to book an appointment in one business day and be approved in two businesses days if you have submitted all required paperwork.