A Line of Credit is a flexible loan with a credit limit - withdraw from the account when you need money. Apply once and access anytime.
From $500, up to $10,000. When you apply, you will be given an account limit - choose to use all in one go or as little as you need.
There are no fees to apply for a Line of Credit, to keep it open or to access the money. Just a monthly interest rate of 2-4% on the amount owing.
To be eligible, you'll need to 18 years or older, a permanent resident, have a stable job and an income of at least $600 per month with a reasonable credit history.