Lines of Credit

MeritLine - Home Equity Line of Credit

You've put a lot of money into your home. Now it's time to get something back. If you have a home, you have leverage. Our Home Equity Line of Credit lets you get the money you want when you want it. There's no need to re-apply each time you need to tap into your home's equity. You can get a home equity line of credit with a pre-approved limit depending on the amount of equity you have built up in your home.

Freedom and Flexibility

  • Borrow what you need when the time is right for you.
  • Pay your balance back as quickly as you like - there are no pre-payment penalties.
  • There is no preset minimum. As you pay off your balance, your approved line of credit will remain available to you.

Personal Line of Credit

You can get the money you want, whenever you want. Whether it's for a car, home improvements, education, a well-deserved vacation or anything else you feel is right for you or your family. Enjoy the power of cash flow when you need it with a Line of Credit. This convenient service is available for qualified members and there is no charge for signing up. Come in and apply for this convenient service!

A line of credit is directly linked with a Chequing account. Your line of credit is accessed by writing a cheque, teller transactions, ATM transactions, or Interac Direct Payment. It is also accessible through TeleSelect and MemberDirect® online service for bill payments and transfers.