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Personal Line of Credit

Meet your present and future borrowing needs, with revolving access to funds.

Meet your present and future borrowing needs

Starting at
Features of this line of credit
  • Secured or unsecured options are available
  • Borrow $5,000 or more
  • Conveniently linked to your primary SCU chequing account, so funds automatically transfer over
  • Additional disability, life, and critical illness insurance is available for qualifying borrowers*

Benefits included with all of our lines of credit

Pay interest only on the amount you use, with competitive and affordable rates


Receive answers quickly and efficiently with in-house approvals


Select payment options and terms that fit your budget


Enjoy the convenience of applying once, then using your funds whenever you need

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Get ready for your lending meeting

Meeting with a lending specialist is a great opportunity for you to ask questions and explore your borrowing options. Here’s what we need you to bring.

Download our checklist

Tips & tools

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Explore related products

Personal Lines of Credit pair well with our personal chequing accounts and personal loans.
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Manage your accounts on the go

Enjoy free access to online banking and our mobile app anytime, anywhere. Visit our digital banking centre to learn how to get started.
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Crunch the numbers

Use our borrowing calculators to help you plan how much you’ll spend on payments, the total cost of your debt, and ways to pay off debt faster.

Personal borrowing rates

Interest Rate
Standard loan rate 7.20%
Line of Credit 8.20%
Personal Loan 8.20%
StudentFLEXTM Line of Credit Rates Vary
Overdraft Link Line 18.0%
e-Loan Rates Vary

Loan / line of credit / mortgage insurance coverage is optional and is underwritten and provided by CUMIS Life Insurance Company.  Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details. 

Insights & Advice

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Loan or line of credit? We can help you decide.

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Get advice

Please fill out this form to submit your questions/comment or you could contact our Member Contact Centre at our toll-free number

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