ACU - Lines of Credit

Personal Line of Credit

There when you need it, our standard Lines of Credit start at $5,000.

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

Student Line of Credit

Post-secondary students can use this Line of Credit to cover tuition costs and living expenses. Standard Student Lines of Credit start at $5,000.

Interest-only payments while you’re in school
A 6-month grace period after graduation, to find a job before full payments begin
Interest charged only on the funds you actually use
Access your Line of Credit through online and mobile banking, ATMs, cheques, and at any branch
No repayment penalties

Home Advantage Plan Mortgage

Access the equity you've built up in your home as a secured line of credit, a loan or a mortgage.

Get up to 80% of the value of your home
Use these funds as you wish

RRSP Line of Credit

Maximizing your RRSP contribution each year lets you enjoy tax advantages now, while you save for your future.

Maximize your retirement savings
Increase your retirement income
Interest charged only on the funds you actually use
Pay off your line of credit any time, with no extra fees
Make a one-time application for credit that you can use for years

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Lines of Credit

Line of Credit Options