Lines of Credit Options

With a personal line of credit, you will have convenient access to a predetermined amount of credit. YNCU offers both secured and unsecured lines of credit (all with variable interest rates) - helping you do everything from consolidate your debt to make a large purchase. Achieving your goals could be closer than you think.

Personal Line of Credit Expand/Collapse

A line of credit is a smart and flexible way to borrow money for many of the needs and goals that may arise in your life.

Rate
Variable Rate based on our Prime Rate

Term
Reviewed annually

*Contact your branch for information regarding special features, repayment, eligibility, lending criteria, securitization, and loan protection.

Student Line of Credit Expand/Collapse

Flexible options designed specifically for student life. Our Student Lines of Credit can help students easily access funds to help pay for tuition, books, and living expenses.

Rate
Variable (Prime Interest Rate + 3%)

Term
1-15 Years

*Contact your branch for information regarding special features, repayment, eligibility, lending criteria, securitization, and loan protection.

MeritLine of Credit Expand/Collapse

At rates better than most retail credit cards, a home equity Line of Credit can finance other important purchases, like renovations, vacations, and paying off higher-interest credit.

For a homeowner who has built up some solid equity in their home, flexibility in borrowing is within reach. A MeritLine provides you with the freedom to write a loan whenever the time is right.

Rate
Variable

Term
Revolving

*Contact your branch for information regarding special features, repayment, eligibility, securitization, mortgage protection, and renewability.

Payment Options

With a YNCU Line of Credit, you only pay interest when you draw on the funds, and you can pay back as little or as much as you want at anytime.

Only a minimum interest payment is required each month, and you determine how much you want to pay back over and above this.

Enjoy quick and easy access to your funds whenever you need them by simply writing a cheque or withdrawing the funds.

You can also access your Line of Credit through our network of Automated Teller Machines (ATMs) and at participating merchant locations across Canada anywhere Interac Direct Payment is accepted.

 

Find Branch/ATM

Enter address, postal code or branch name

Becoming a Member
Latest News
download the app
appointment