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​MeritLine Home Equity Line of Credit

​​Your house can be more than just a place to call home

​Using the equity in your home to secure this pre-approved line of credit guarantees you one of the lowest rates available for credit.  The companion MeritLine Account is your key to access. 

​Equity

Line of Credit secured by equity in your home

​Flexible prepayment

Open to prepayment at any time without penalty

​​Accessible anytime 

Through online banking, Tandia ATMs​ and mobile app

​Security

Insurances are available

Features

  • Line of Credit secured by equity in your homeMinimum $50,000
  • Payments as low as 'interest only'
  • Open to prepayment at any time without penalty
  • Accessible anytime through online banking, Tandia ATMs and in-branch
  • Lock-in features are available
  • Life, disability, loss of income and critical illness insurances are available

A MeritLine is right for you if

  • You have significant home equity
  • You need to finance home improvements or other large expenditures
  • You are comfortable with a variable rate
  • You want one of the lowest rates available for credit

Interest is calculated daily on the outstanding principal and compounds monthly.

Get started now

You can apply online, in-person or by phone - call our Member Solutions Centre at 1.855.598.2893