A Line-of-Credit (LOC) maximizes your purchasing power, while providing valuable overdraft protection for a chequing account. It ensures access to funds when needed-without waiting or arranging for a personal loan. It's great for personal emergencies, car repairs, major home appliances, investment opportunites, education, RRSP, etc. Rates are lower than retail credit cards, so paying off credit card balances in full each month with a LOC limit can reduce overall borrowing costs.

Benefits:

• Owner controls own credit
• Funds are accessible by account transfer, personal cheque or cash withdrawl
• Competitive interest rate
• Flexible payment schedules 

Home Equity Line Of Credit

Utilize up to 80% of the equity in your property to borrow at a low cost with a minimum interest only payment.

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