Lines of Credit
Great Overdraft Protection
A line of credit is a pre-approved maximum amount you can borrow based on your financial situation. It is attached to a chequing account. The cheques you write on it will increase the balance while deposits will reduce it.
We require a minimum monthly payment as low as interest only. And, you only pay interest on the outstanding balance -- not the maximum approved limit!
Replace your high interest credit cards from department stores and banks with our more cost effective line of credit. It's a great way to ensure overdraft protection on your chequing account. It also provides a convenient way to cover emergency expenses and to take advantage of one time bargains.
It's ready cash when you need it!