Personal Lines of Credit

Get the right amount of money at the right time with a pre-approved credit limit. You’ll always have enough to cover expenses and only pay interest on the funds you use.

Personal Line of Credit

Meet your present and future borrowing needs with a revolving access to funds. Pay interest only on what you use.

Features

Simplified approval process with local decision making
Conveniently linked to your primary SCU chequing account, so funds automatically transfer over
Secured or unsecured options are available
Additional disability, life, and critical illness insurance is available for qualifying borrowers

Borrow $5,000 or more.

Pay interest only on the amount you use.

Apply Now

Net Worth Equity Link Line

Leverage the equity in your existing assets to cover the cost of a renovation or improvement project.

Features

Simplified approval process with local decision making
Flexible repayment options, your minimum monthly payment is interest only
Secured or unsecured options are available
Additional disability, life, and critical illness insurance is available for qualifying borrowers

Borrow $5,000 or more.

Pay interest only on the amount you use.

Apply Now

StudentFLEX™ Line of Credit

Designed for full-time students pursuing post-secondary education in an accredited Canadian university or college.

Features

Simplified approval process with local decision making
Ability to use funds as you need them and pay interest only on what you use
No payments needed until you finish your studies
Interest-only payments for the first 12 months after graduation

Borrow $5,000 or more.

See also our student chequing account.

Learn More

Real Estate Equity Link Line

Leverage equity from your home or a property you own, use what you need and pay interest only on what you borrow.

Features

Access revolving credit and easily transfer it to the account of your choice when needed
Easy and flexible repayment options, choose from monthly, bi-weekly, or weekly
Secured by equity in real estate
Additional disability, life, and critical illness insurance is available for qualifying borrowers

Borrow $5,000 or more.

Pay interest only on the amount you use.

Apply Now

Registered Investment Link Line

Catch up or top up your investments with access to credit you can use now and in the future.

Features

Simplified approval process with local decision making
Enjoy easy repayment with regular deposits
Additional disability, life, and critical illness insurance is available for qualifying borrowers

Borrow the amount you need.

Pay interest only on the amount you use.

Apply Now

Overdraft Link Line

A safety net designed to protect you from NSF charges due to unplanned overages or emergency expenses.

Features

Get easy and quick pre-approval through our local decision making
Automatically linked to your primary SCU chequing account, no need to transfer funds
Available as an unsecured loan option

Overdraft protection available from $500 to $5,000.

Only pay interest on the funds you use.

Apply Now

Secured vs. Unsecured

When taking out a line of credit, you have the option of a secured or unsecured line of credit.

Secured Line of Credit

A secured line of credit typically has a higher maximum credit limit and uses assets you own as collateral.

Unsecured Line of Credit

An unsecured line of credit will tend to have a lower maximum credit limit as no assets are acting as collateral.

Features Included with all our Lines of Credit

Simplified Approval Process

Your application is approved in-house, often during your appointment, with funds available the same or next business day upon approval.

Highly Competitive Rates

We go above and beyond to make sure you get the best interest rates possible.

Apply Your Way

Apply for a line of credit any way you like; in-person, by phone, or start the conversation with our online application form.