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Line Of Credit
 
A Line of Credit is a simple and easy way to borrow money to provide you with a “personal reserve of funds” for whenever you need it. A Line of Credit that is affixed to your chequing account serves as overdraft protection for you. It makes a pre-determined amount available that can be accessed anytime. Whenever you need extra funds, you simply withdraw any amount up to your approved credit limit.

Use a Line of Credit to tide you over between pay periods, for home improvements or investments. There is no cost for you to have a Line of Credit ready and available for use. You are charged monthly interest only on the amount you use, for the time you use it. A very reasonable repayment structure is another thing that makes a Line of Credit so attractive. Have the security of knowing money is available when you need it and avoid applicable NSF charges of $30.00 per item!

We offer both Personal and Business Lines of Credit

Home Equity Lines of Credit


A Home Equity Line of Credit gives you all the benefits of an unsecured Line of Credit but at a lower rate. Up to 80% (less any existing mortgage) of the value of your home can be used to secure a Line of Credit at a rate as low as SCU PRIME + 0.25%. Large projects or small, funds will be available when you need them without ever having to re-apply.

Call or visit our office for more details.



*rates subject to change without notice



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