Loans up to
variable interest rate
A secured Educators loan offers low variable interest rates. The loan is secured against collateral, usually your home but can also include other assets such as GICs, and accumulated cash in a permanent life insurance policy. With a variable rate of interest, the interest charged on your outstanding balance will vary as interest rates change.
Why a Secured Loan instead of a Line of Credit?
With a Secured Loan you know exactly how much you have borrowed and the repayment term. With a loan, there is an end in sight. However, if you pay it off and need additional funds, you have to apply again.
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 loan account?
You can access your Loan through any of these methods: online or by phone.