Versatile Line of Credit

Allows owners of residential properties of four units or less to use their home equity¹ to make their dreams a reality.

Ideal to renovate your house, buy a second home, a car, boat or RV, maximize your investments, pay for your children's education, make investments or meet unexpected expenses.

Features

• Financing for up to 80% of the value of your home. Minimum line of credit of $25,000.
• Interest is payable monthly.
• Cash advances taken out against the line of credit can be converted at any time into term loans or separate mortgages in amounts of $15,000 or more.
• No limit to the number of loans or mortgages held within your line of credit.
• Very competitive interest rate. To find out the interest rate in effect, contact your caisse advisor.

Advantages

• Funds are available at any time at the ATM, by cheque, by direct payment, at the teller counter or through AccèsD.
• Tailor repayment schedule to your specific financial situation by setting the payment mortgage or line of credit terms yourself, taking out multiple loans or mortgages against your line of credit or converting all or part of the balance into term loans. Minimum mortgage and loan amount of $15,000.
• Interest rates are lower than traditional lines of credit (variable and fixed-rate options).
• Once your line of credit limit is established, you no longer have to apply for additional cash advances.
• Single monthly statement listing all transactions made on your Versatile Line of Credit.
• Additional advantages that can help protect you from fluctuating interest rates.

	Online (Members)	Fill out the form
	At the caisse (Members and non-members)	Make an appointment with a caisse advisor: online by phone

1. Net market value of your property.