When it comes to borrowing, the right solution can make all the difference. SCU lending products provide plenty of options to choose from, and the flexibility and convenience to fit your needs. If you’re considering a loan, line of credit, or a credit card, we can help.
Loans
Loans are perfect for a one-time expense. They’re best if you know how much money you'll need for a specific purchase, such as buying a vehicle, paying for tuition, or consolidating high-interest debt.
Features of loans at SCU
• Choose from weekly, biweekly, or monthly payments, with no prepayment penalties
• Conveniently linked to your primary SCU chequing account, so payments are made automatically
• Receive answers quickly and efficiently with in-house approvals
• Additional disability, life, and critical illness insurance is available for qualifying borrowers.*
HOT TIP: Consider adding disability, life, and critical illness to your loan. It will add a premium to your monthly payments but provides peace of mind by ensuring your loan payments and other expenses will be covered should something unexpected happen. Ask a lending specialist about insurance today.
We offer a variety of options for members, including:
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Personal Loans: Use to cover the cost of a car, wedding, or other significant expense.
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e-Loans: Get approved conveniently online if you’re borrowing $15,000 or less.
Lines of Credit
Lines of credit ensure you borrow the right amount of money at the right time with a pre-approved credit limit. They’re best if you’re looking to tackle a home renovation, cover unexpected car repairs, or pay for emergency home maintenance.
Features of lines of credit at SCU
• Pay interest on the amount you use only
• Select payment options and terms that fit your budget
• Enjoy the convenience of applying once, then using your funds whenever you need
• Receive answers quickly and efficiently with in-house approvals
Options include:
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Personal Line of Credit: Meet your present and future borrowing needs with revolving access to funds and pay interest only on what you use.
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Personal Equity Link Line: Leverage your equity to meet your borrowing needs.
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Overdraft Link Line: A safety net designed to protect you from Non-Sufficient Funds (NSF) charges due to unplanned overages or emergency expenses.
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StudentFLEX™ Line of Credit: Designed for full-time students pursuing post-secondary education in an accredited Canadian university or college.
HOT TIP: If you’re a student, we have several products specially designed to help you manage your finances.
Learn more about ways to manage your finances while in school
Credit cards
Our range of six
SCU Collabria® personal credit cards give you choice and convenience for your lifestyle.
Features
• Choose the card that best meets your needs, whether you’re looking for a card with premium rewards, low rates, purchase protection, additional insurance*, or no annual fee
• Redeem rewards to purchase merchandise, gift cards, travel, and statement credit
• Add your credit card to Apple Pay®, Samsung Pay, or Google Wallet™, and pay for purchases with a tap of your phone
HOT TIP: Not sure which card to choose? Use our card selector tool to help you find the best card for your needs.
Help me choose the best card for me
Still unsure which borrowing solution is right for you? We’re here to help.
READY TO TAKE THE NEXT STEP?
Everyone benefits from establishing and improving their credit. And everyone faces financial stress at some point in life, whether that's a change in your job, an increase in your bills, or an unexpected home or car repair.
Meeting with a lending specialist is a wonderful opportunity for you to ask questions and explore all your borrowing options, so you have all the tools you need to make the right decisions that make the most sense for you.
Book an appointment online today:
scu.mb.ca/booknow
