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LINES OF CREDIT 

​LINES OF CREDIT

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​Accelerated, easy process

We make our lending process as quick and easy as possible to ensure you get your line of credit fast. 

​Personalized support

With us, you get more than selling. We offer clear, personalized recommendations on how to get the best deal for you.

​Expert guidance

We provide proactive insights and advice throughout the borrowing process to make sure it goes smoothly.

​Competitive rates

We have some of the best borrowing rates around and they only get better when you join our Rewards Program.  

​Accelerated, easy process

We make our lending process as quick and easy as possible to ensure you get your line of credit fast. 

​Personalized support

With us, you get more than selling. We offer clear, personalized recommendations on how to get the best deal for you.

​Expert guidance

We provide proactive insights and advice throughout the borrowing process to make sure it goes smoothly.

​Competitive rates

We have some of the best borrowing rates around and they only get better when you join our Rewards Program.

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oUR MASTERCARD OF THE MONTH

World Mastercard

RECEIVE 5.9% ON ALL BALANCE TRANSFERS

Balance Transfer For All

​Get the lowest line of credit rates

​Open to any member, our Rewards Program offers you low borrowing rates, high savings and investing interest, and no-fee banking.

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​Explore your line of credit options

​PERSONAL LINE OF CREDIT 

Right for you if you want flexible, ongoing access to funds whenever you need them.   

​Key features

  • Apply once and borrow anytime you want without reapplying
  •  Borrow up to your approved limit anytime and only pay interest on what you use
  • Preferred rates when secured with credit union deposits or government bonds
  • No fees if not in use
  • Withdraw money via cheque, online banking, ATM, ExpressLine™ or in one of our branches
  • Make payments through payroll deposit, automatic transfer, ExpressLine, online banking or a credit union ATM
  • Repayment is based on the greater of 3% of your outstanding balance or $50, due on the last day of each month
  • Must be life and disability insured (critical illness insurance also available at excellent rates) 


​​Rewards Membership

0.00%

interest rate

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​PERSONAL LINE OF CREDIT 

Our Line of Credit is an easy and convenient way to ensure you have funds available if you need them. Think of it as a loan you can access anytime you need it. 

​Key features

  • Minimum amount $5,000.00
  • Low variable rate
  • Repayment is based on the greater of 3% of your outstanding balance or $50, due on the last day of each month
  • No additional fees if not utilized
  • Life, disability and crtical illness insurance available

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on Personal Lines of Credit

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​MERIT LINE HOME EQUITY LINE OF CREDIT 

Right for you if you want to use the equity in your home to get a higher limit line of credit at a lower interest rate.   

​Key features

  • Apply once and borrow anytime you want without reapplying 
  • Borrow up to your approved limit anytime and only pay interest on what you use
  • No fees if not in use
  • Withdraw money via cheque, online banking, ATM, ExpressLine or in one of our branches
  • Make payments through payroll deposit, automatic transfer, ExpressLine, online banking or a credit union ATM
  • Repayment is based on the greater of 3% of your outstanding balance or $50, due on the last day of each month
  • Must be life and disability insured (critical illness insurance also available at excellent rates) 
  • Low, one-time set up fee


​​Rewards Membership

0.00%

interest rate

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​MERIT LINE™ HOME EQUITY LINE OF CREDIT 

The Merit Line™ Home Equity Line of Credit  is right for you if you want a higher revolving credit facility with a preferred rate of interest.

​Key features

  • Borrow up to 80% of the appraised value or purchase price of your property
  • Interest only payments
  • May be paid down or paid off at anytime without penalty
  • Competitive variable interest rate that will fluctuate with credit union prime
  • Borrow once with the ability to use whenever credit is available
  • Life, disability and critical illness available
  • One time legal fee

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on a Merit Line™ Home Equity Line of Credit

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

PRIMELINE® HOME EQUITY LINE OF CREDIT

The Primeline® Home Equity Line of Credit is part of our CreditMaster® Mortgage. This is right for you if you want a higher revolving credit facility with a preferred rate of interest.

​Key features

  • Borrow up to 80% of the appraised value or purchase price of your property
  • Interest only payments
  • May be paid down or paid off at anytime without penalty
  • Competitive variable interest rate that will fluctuate with credit union prime
  • Borrow once with the ability to use whenever credit is available
  • Life, disability and critical illness available
  • One time legal fee

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on a Primeline® Home Equity Line of Credit

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​STUDENT LINE OF CREDIT 

Right for you if you’re a Canadian student who’s over 18 and enrolled in a full-time degree or diploma program at a recognized post-secondary institution in Canada.

​Key features

  • Access between $5,000 and $10,000 per year (up to a lifetime maximum of $40,000)
  • Withdraw money via ATM, Interac e-Transfer or cheque
  • Interest-only payments required while enrolled in school and for one year after course completion 
  • Must provide an estimate of education expenses, a list of financial resources to cover them and confirmation of enrollment in a qualifying school 
  • Must have a co-signer, such as a parent or guardian


​​Rewards Membership

0.00%

interest rate

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​STUDENT LINE OF CREDIT 

The Student Line of Credit provides you money for tuition, books and living expenses while you are a full time student at an accredited post-secondary institution in Canada

​Key features

  • Access up to $10,000 per year, up to a maximum of $40,000 over four years of study
  • Interest only payments while you are in school and up to one year after completion of a program. Student line of credit to be converted to a five-year fixed rate loan at the end of this period
  • Withdraw money via online banking, ATM, Expressline™ or in one of our branches
  • Student line of credit will require a co-signor
  • Must provide proof of enrollment on an annual basis
  • Life, disability and critical illness available

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on a Student Line of Credit

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​CONTINUING EDUCATION LINE OF CREDIT 

Right for you if you plan to advance your policing career through additional full or part-time post-secondary education. 

​Key features

  • Maximum borrowing limit of $40,000 
  • Interest-only payments required while enrolled in school and for one year after course completion
  • Thereafter, the remaining balance converts to a loan with a 5-year term


​​Rewards Membership

0.00%

interest rate

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

​CONTINUING EDUCATION LINE OF CREDIT 

The Continuing Education Line of Credit was created for police personnel looking to advance their career through additional full or part-time sutdies at an accredited post secondary institution in Canada.

​Key features

  • Access up to $10,000 per year, up to a maximum of $40,000 over four years of study
  • Interest only payments while you are in school and up to one year after the completion of your program. Continuing Education Line of Credit to be converted to a five-year fixed rate loan at the end of this period
  • Withdraw money via on-line banking, ATM, Expressline™ or in one of our branches 
  • Must provide proof of enrollment on an annual basis
  • Life, disability and critical illness available

​Rewards Membership

Become a Rewards Member and receive a lower interest rate on a Continuing Education Line of Credit

Plus:

  • No fees for day-to-day banking
  • Highest possible savings and investing rates
  • Lowest possible rates for other borrowing

 Learn more about rewards membership

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​CREDIT CARDS TO MATCH YOUR GOALS

​Put your spending to use earning the rewards you want. Plus the more you spend, the more we send in donations to the Police Memorial Foundation. 

​GET A FINANCIAL CHECK-UP

​Make sure you’re on track to achieve your goals with a personalized financial check-up from one of our experts. 

​CREDIT CARDS TO MATCH YOUR GOALS

​Put your spending to use earning the rewards you want. Plus the more you spend, the more we send in donations to the Police Memorial Foundation. 

​GET A FINANCIAL CHECK-UP

​Make sure you’re on track to achieve your goals with a personalized financial check-up from one of our experts.