Equity
Line of Credit secured by equity in your home
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.
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
We are here for you
We encourage you to get in touch at any time, whether it’s with a question about our business or a comment on how we might be able to better serve you. After all, at DirecTCUTM, your voice is the most important one.
To report a lost or stolen MEMBER CARD® debit card during regular business hours, call 1.800.598.2893 after hours please call 1.888.277.1043.
™DirecTCU is a trademark of the Canadian Credit Union Association and is used under license. DirecTCUTM is a division of Tandia Financial Credit Union Limited. Copyright © 2020 DirecTCUTM. All rights reserved.
