Accessibility Quick Links
A line of credit is for you if you want:
- Access to funds on an ongoing basis
- Flexible funds for home renovations, vehicle purchases, daily spending and even consolidating your higher interest debt
- To pay interest on what you borrow
- Competitive interest rates
Additional details:
- View your monthly eStatement in CIBC Online Banking®. Set up text or email alerts to notify you when a new eStatement is available
- Get 24-hour, no transaction fee access to your line of credit through CIBC Banking Centres and bank machines, as well as telephone, online and mobile banking
- Receive free personalized duplicate cheques
- Pay off all or part of the balance at any time without penalty
Unsecured vs. secured line of credit:
Unsecured |
Secured |
|
|---|---|---|
Benefits |
|
|
Security required |
No | Yes |
Lending range |
$5,000 and up | $10,000 and up |
Rate |
Variable | Variable |
Term |
Open | Open |