The repayment must cover at least the accrued interest.
Certain conditions apply. Cannot be combined with any other offer.
The payment must cover at least the accrued monthly interest. Minimum payment of $10 for each payment period.
![A father and daughter bend over in front of an oven. The father laughs while pulling freshly baked cookies out of the oven. The daughter smiles and gives him a thumbs down.](https://images.ctfassets.net/b5xlbty9p8dy/4ew8rSyha2ySlqB3Do481F/f41124d96aa7b6a1a09077a94500b873/cooking-dad-desktop.png)
EQUITY LINE OF CREDIT
Unlock your
home's potential.
Unlock your home's potential.
Get easy access to funds based on the value of your home and only pay interest on what you use. Plus, the Laurentian Bank equity line of credit offers more affordable rates than a personal loan.
Talk to an advisorThe benefits.
Low interest rate.
Get low-cost financing based on the value of your property. The interest rate for the equity line of credit is lower than most other financing solutions, saving you money.
Flexible payment options.
Choose to pay only the interest, a percentage of the balance, or a fixed amount.1 Pay down part of the loan at any time without penalty. Plus, it comes with a higher credit limit than a regular line of credit.
Convenient access to funds.
Use the available funds for whatever you want, whenever you need it. With various withdrawal options available, get approved once and withdraw funds as you need, up to $30,000 at one time.
The details.
Minimum amount.
Start with as little as $25,000 for a new equity line of credit or a limit increase to an existing one.
Variable interest rate.
Highly competitive variable interest rate.
The rate fluctuates based on the Laurentian Bank line of credit base rate.2
Interest applies only to the funds used.
Easy access to funds.
Access your funds any time:
by cheque
at an ATM
online through LBCDirect
Helpful tips and resources.
Your questions answered.
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EQUITY LINE OF CREDIT INSURANCE
Take cover from
life’s what ifs.
Take cover from life’s what ifs.
Protect all you love from life’s uncertainties with equity line of credit insurance.
More about equity line of credit insurance