Accessibility Quick Links
This personal loan is for you if you want:
- To borrow for a specific purchase, and to pay the loan off within a set period of time
- Specific monthly payment amounts, making it easier to budget
- To take a vacation, buy furniture, make an investment, or even consolidate your higher interest debt
- A loan that’s secured against the equity in your home or other assets
- To pay off all or part of the loan at any time without penalty
- The ability to lower your interest costs by making more frequent payments
- To apply online for a faster approval
Other loan details:
- Borrow a minimum of $3,000
- Make scheduled payments from your CIBC account at no charge with an Electronic Fund Transfer (EFT)
Benefits of a secured vs. unsecured personal loan:
Secured loan
- Get a lower interest rate that’s secured by your home or other assets
- Get a higher credit limit for major purchases like renovations or a vacation property
Unsecured loan
- Get access to credit faster with an expedited approval process
- Borrow up to $200,000