Loan Rates | Unsecured Line of Credit

Sorted by: Rate in ascending order (Click on a column heading to sort up or down)
Financial Institution Rate
Windsor Family C.U. 5.350
FirstOntario Credit Un. 5.990
Your Neighbourhood C.U. 6.000
Alterna Bank 6.000
PACE Savings & Credit Un 6.750
Alterna Savings 7.000
Laurentian Bank Canada 10.100
Ontario Civil Service CU 15.750

A line of credit is an agreement by a financial institution to loan money to a borrower up to an agreed upon maximum. Interest is only charged on the money that is actually withdrawn from the line of credit. The line of credit is secured by collateral, such as the principal residence of the borrower.

These rates are for indication purposes only and should be confirmed with each institution directly. The actual rate available to a borrower will vary depending upon a number of factors which may include general credit worthiness, security/collateral provided, borrowing/repayment history and the extent to which the borrower has other products/services with that particular vendor.

Prepared by Cannex on April 25, 2015

This information is current as of the date and time posted and is subject to change without notice.

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