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Line of Credit

​LINES OF CREDIT

 

​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.

 
OUR MASTERCARD OF THE MONTH

Centra Gold Mastercard

RECEIVE 3.9% ON ALL BALANCE TRANSFERS

3.9% 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 

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 and disability insurance available

​Rewards Program

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 our rewards program

​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 and disability insurance available
  • One time legal fee

​Rewards Program

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 our rewards program

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 and disability insurance available
  • One time legal fee

​Rewards Program

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 our rewards program

​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 and disability available

​Rewards Program

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 abour our rewards program

​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 and disability insurance available

​Rewards Program

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 our rewards program

 
 
 
Financial Checkup

​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.
 
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