Close

Performance of Our Signature Funds

Values for:

As of:

Student loans, credit card bills, home repairs, waiting for that full-time position…it's a lot to juggle. Add to that a wedding or a first child and a line of credit (LOC) is your port in a storm. It's a pre-approved loan for a set limit that you can tap whenever you need to and for whatever purpose. With lower rates than conventional credit cards and flexible payment options, a LOC can save you thousands of dollars in interest charges annually.

  • Unsecured Line of Credit

    Less than $50,000
    Loans up to

    $50,000

    Starting at

    4.95%

    variable interest rate

    Do you have multiple high-interest credit card balances and loans? Lower your interest payments (and headaches) with a no-fee Unsecured Line of Credit (LOC). Low-interest rates and minimum monthly payments can help smooth out your monthly expenses so you can stop worrying and start living.


    Common Questions

    • Why an Unsecured Line of Credit instead of a Loan?

      You're in control. You decide when, or if, to use it, how much to withdraw and what to use it for. Unlike a loan, you don't pay interest until you use it. And it's reusable. Once you're approved you can tap the line whenever you need to.

    • Can I make payments at any time without penalty?

      Yes, make as many payments as you would like. Payments may be made weekly, bi-weekly, mid-monthly or monthly.

    • How can I access my funds?

      You can access your Line of Credit through any of these methods: online, by phone, cheque or ATM.

  • Secured/Home Equity Line of Credit

    $50,000 and up
    Loans up to

    80%

    of your home equity
    Starting at

    4.20%

    variable interest rate

    This option gives you the highest credit limit available, based on the equity in your home. You can receive a loan up to 80% of your property's value. Enjoy the option of interest-only monthly payments, lower interest rates and lower monthly payments than you would get from the unsecured line of credit.


    Common Questions

    • Why a Secured Line of Credit instead of a Loan?

      You're in control. You decide when, or if, to use it, how much to withdraw and what to use it for. Unlike a loan, you don't pay interest until you use it. And, unlike a Loan, it is reusable. Once approved, you can tap into it whenever you need to.

    • Can I make payments at any time without penalty?

      Yes, make as many payments as you would like. Payments may be made weekly, bi-weekly, mid-monthly or monthly.

    • How can I access my funds?

      You can access your Line of Credit through any of these methods: online, by phone, cheque or ATM.

  • Ontario Teachers Insurance Plan
    OTIP RAEO logo

    Don’t get stuck paying too much for car or home insurance! Learn about exclusive savings, service and perks available for members of the education community.

    Plus, get a $20 gift card of your choice when you get a car or home insurance quote from OTIP!*

    Get a quote from OTIP!

    *Restrictions apply. See details.

    Learn more
Back to Site