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EQUITY LINE OF CREDIT

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.

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The 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

Simple repayments.

Flexible repayment options:

  • Interest only3

  • Percentage of balance

  • Fixed payments2

Helpful tips and resources.

Your questions answered.

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EQUITY LINE OF CREDIT INSURANCE

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

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