Borrowing how YOU decide...

We've all experienced a time when a little extra cash could have come in handy. Maybe it's an unexpected expense, like car repairs, or an opportunity that you just couldn't say no to, like an amazing seat sale to that vacation destination you've always dreamed of. During times like these, wouldn't it be great to have access to the funds you need, when you need them, without having to go through the process of applying for a new loan? Have you considered getting a line of credit?

A line of credit is a one-time approved ongoing loan that allows you to borrow up to a pre-arranged limit on an ongoing basis. You only pay interest on the exact amount you borrow and only for the number of days you've used it. It's ready cash when you really need it.  A line of credit also protects you from overdrawing your account or having returned cheques because of inadequate funds.

Features include:

•Flexible borrowing option; as you pay the balance down, the funds become available for use again

•Apply only once

•Rates are lower than traditional credit cards

•Easy access to your LOC funds. Access your Line of Credit just as you would any funds in your account: by cheque, ATM, direct payment, in-branch, online or telephone banking.

•Flexible repayment options. Repay the balance owing on your LOC fully or partially. Interest is charged only on the funds used, for the time used, and your payements can be as low as the monthly interest charged.