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Flexible borrowing solutions to align with your goals. 

Whether you're buying a car, consolidating debt or planning ahead, ACU offers personal loans and lines of credit tailored to your goals, with competitive rates, flexible terms and expert guidance.

Borrowing solutions with ACU

At ACU, borrowing isn’t just about getting access to credit, it’s part of a bigger picture: your financial well-being.

Our trusted advisors will work with you to understand your goals and recommend flexible, convenient borrowing solutions that fit your budget and your life. From loans to lines of credit, we offer options to help you:

  • Fund a large project or life event
  • Pay for tuition or education costs
  • Top up retirement savings
  • Cover day-to-day expenses or unexpected bills
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Why borrow with ACU

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Personalized support

We take the time to understand your unique situation and recommend borrowing options that truly fit your needs

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Flexible solutions

From personal loans to lines of credit and overdraft protection, we offer borrowing products designed to adapt to your goals big or small.

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Guidance you can trust

Our advisors are here to help you borrow responsibly, with honest advice and a focus on your long-term financial well-being.

Loans

An ACU personal loan is a smart choice when you know how much you need, whether it’s for buying a vehicle, paying for tuition or consolidating higher-interest debt into one manageable payment.

Personal loans

Whether you're planning a major purchase or looking to consolidate higher-interest debt, a personal loan from ACU offers a straightforward solutions.

Features

  • Secured or unsecured options
  • Variable or fixed interest rates
  • Flexible repayment schedule
  • No early repayment penalties

RRSP loan

An RRSP loan can help you maximize your annual contribution or take advantage of unused carry forward amounts, giving you the opportunity to benefit from tax advantages today while building your long-term financial security. 

Features

  • Secured or unsecured options
  • Variable or fixed interest rates
  • Flexible repayment schedule
  • No early repayment penalties

 

Car loans

A car loan from ACU can help you purchase a new or used vehicle on your terms. With competitive rates, flexible repayment options and support from our trusted advisors, you’ll find a financing solution that fits your budget—and your life.

Features

  • Secured or unsecured options
  • Variable or fixed interest rates
  • Flexible repayment schedule
  • No early repayment penalties

Home equity loans

A home equity loan lets you borrow against the equity you’ve built in your home, a great option for larger expenses like home renovations, education costs or debt consolidation.

Features

  • Secured or unsecured options
  • Variable or fixed interest rates
  • Flexible repayment schedule
  • No early repayment penalties

Check out ACU's loan calculator

Estimate your loan payments and see how different rates, terms and amounts can impact your budget. Whether you're planning a major purchase or consolidating debt, this tool can help you make informed borrowing decisions.

Lines of credit

Ideal for members who want access to funds when they need them. Use a line of credit to manage home renovations, unexpected car repairs or emergency expenses, with the flexibility to borrow and repay on your terms and only pay interest on the amount you use.

Features

  • Available for amounts of $5,000 or more
  • Access your Line of Credit with your chequing account, debit card, cheques or through a branch
  • Pay down your balance at any time
  • Flexible payment options
  • Interest charged only on the funds you use

Personal line of credit

A line of credit offers peace of mind, knowing you’ve got your expenses covered. Line of credit funds are always accessible—just use and re-use them when needed, without having to reapply—and only pay interest on what you use. 

Home equity line of credit

Achieve your next financial goals by accessing up to 80% of the equity you’ve built in your home with ACU's Home Advantage Plan with no need to apply for another mortgage! Enjoy ongoing access to funds at a low rate of interest.

RRSP line of credit

A flexible option that lets you maximize this year’s contribution to your retirement plan or leverage unused contribution room from previous years. Make a one-time application for credit you can use for years, and only pay interest on the funds you use.

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Student line of credit

Help cover tuition expenses and living costs with interest-only payments while you're in school and a 6-month grace period after graduation before full payments begin. Access what you need, when you need it—without reapplying.

Apply for a Student LOC

Lines of credit

Ideal for members who want access to funds when they need them. Use a line of credit to manage home renovations, unexpected car repairs or emergency expenses, with the flexibility to borrow and repay on your terms and only pay interest on the amount you use.

Personal line of credit

A line of credit offers peace of mind of knowing you’ve got your expenses covered. Line of credit funds are always accessible—just use and re-use them when needed, without having to reapply—and only pay interest on what you use. 

Features

  • Available for amounts of $5,000 or more
  • Access your Line of Credit with your chequing account, debit card, cheques or through a branch
  • Pay down your balance at any time
  • Flexible payment options
  • Interest charged only on the funds you use

Home equity line of credit

Achieve your next financial goals by accessing up to 80% of the equity you’ve built in your home with ACU's Home Advantage Plan with no need to apply for another mortgage! Enjoy ongoing access to funds at a low rate of interest.

Features

  • Available for amounts of $5,000 or more
  • Access up to 80% of the value of your home
  • Pay down your balance at any time
  • Flexible payment options
  • Interest charged only on the funds you use

RRSP line of credit

A flexible option that lets you maximize this year’s contribution to your retirement plan or leverage unused contribution room from previous years. Make a one-time application for credit you can use for years, and only pay interest on the funds you use.

Features

  • Available for amounts of $5,000 or more
  • Access your Line of Credit with your chequing account, debit card, cheques or through a branch
  • Pay down your balance at any time
  • Flexible payment options
  • Interest charged only on the funds you use

Student line of credit

Discover a worry-free way to help cover tuition and living expenses with a student line of credit. Access funds when you need them, without having to reapply—and enjoy interest-only payments while you’re still in school. Apply for a student loan now.

Features

  • Available for amounts of $5,000 or more
  • Access your Line of Credit with your chequing account, debit card, cheques or through a branch
  • Pay down your balance at any time
  • Flexible payment options
  • Interest charged only on the funds you use
  • Interest-only payments while you're in school
  • 6-month grace period after graduation before full payments begin

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​​Overdraft protection

a short-term safeguard

Overdraft protection is a short-term safeguard that automatically covers transactions when your chequing account balance dips below zero. It's designed to provide peace of mind. 

With overdraft protection, you’ll be charged a standard interest rate but only pay interest on the amount you use. Repayment is made easy and happens automatically when you make your next deposit.

Features

  • Available on approved limits between $500 and $4,999
  • Protects against declined transactions and NSF fees
  • Interest charged on the amount used

Call us or visit a branch to add overdraft protection to your chequing account today. 

As a values-based financial institution, we help you borrow responsibly with guidance that supports your long-term financial health.

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Your questions answered:

How do repayments work on a loan?

You’ll repay the loan over a set period of time (the term) and make regular payments on the outstanding balance (the principal) plus interest (at a fixed or variable rate) until the loan is repaid. Rates and terms are agreed on when you take out the loan. Talk to an ACU advisor today to learn about all your options and we’ll design a loan that works for you.

How do I repay my line of credit?

With any line of credit you get from our credit union, you’ll only pay interest on the money you use (at a variable interest rate that may change month to month). With our Student Line of Credit, you won’t need to start repayment until six months after graduation—you’ll only pay interest while in school. With the RRSP Line of Credit, you are required to make regular repayments.

Does a loan or line of credit affect my credit history?

Yes, regular payments on your loan or line of credit from our credit union will count positively towards your credit score.

How do I apply for a loan or line of credit at your credit union?

You can submit your application online for a term loan, line of credit or authorized overdraft (similar to a line of credit, this protects you against penalties on NSF cheques or missed payments). We’ll request information about which loan type you’re interested in, collect a few personal details and review some financial information. We’ll also perform a credit check and forward your information to an ACU advisor who will follow up with next steps!

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Ready to get started?

Our knowledgeable advisors are here to help you take the next step—whether you're looking to discover how an ACU loan, line of credit or overdraft protection can meet your needs and help you achieve your goals. Let’s talk about what’s right for you.

Book your appointment