Loans


Sometimes you just need the money for an important purchase, a fancy luxury item, or having all your loans in one monthly payment.  With a personal loan or line of credit, our members get access to money now and pay it back later.



Term Loans Expand/Collapse

With a Term Loan our members can borrow money to let them buy what their heart desires. You can pay it back with equal payments over a period of 1 to 5 years.

  • Repay your loan faster with weekly or bi-weekly payments
  • No penalty for extra payments or early repayment
  • Competitive  fixed interest rates
  • Low cost life and disability insurance available

Looking to borrow money to do environmentally friendly home upgrades? 

Check out our Keep-it-Green Home Loans at preferred rates.


Lines of Credit Expand/Collapse

A Line of Credit allows our member to borrow up to a certain amount without getting an individual loan. You apply once and can borrow against an approved limit. It allows our members to have access to money when they need it for any situation.

  • You control how much you borrow
  • The money is accessible with interac debit, e-Transfer and cash or cheque withdrawal
  • Competitive interest rates
  • Flexible repayment options

Overdraft Expand/Collapse

An Overdraft is a small line of credit attached directly to your everydat chequing account. Sometimes, our members forget about a pesky monthly payment coming out of your account. With an overdraft, you’ll be able to overdraw your chequing account in case of emergencies.

  • Attaches to your chequing account
  • Interest charged on funds used
  • Only to be used for short term expeneses

Vehicle Loans Expand/Collapse

A vehicle loan puts members in the driver’s seat, literally.  Members can get a vehicle loan to buy a new car, truck, boat, ATV or snowmobile.  On land or on water, you can buy it with a vehicle loan.
  • Flexible repayment options
  • Repay your loan faster with weekly or bi-weekly payments
  • No penalty for extra payments or early repayment
  • Low cost life and disability insurance available
  • Competitive rates

Looking to buy a hybrid or electric vehicle? 


Check out our Keep-it-Green Vechile Loans at preferred rates, click here.

Investment Loans & Lines of Credit Expand/Collapse

Our members can maximize their RRSPs with an Investment Loan or Line of Credit. You can take advantage of unused yearly contributions by borrowing. If you get a tax refund afterword, you could use it to pay down the loan, make next year’s contribution early, or just spend it.
  • Flexible terms and repayment options
  • Get interest on your investments in a Advance Savings RRSP or Term Deposit
  • Low cost life and disability insurance available

Student Loans and Lines of Credit Expand/Collapse

It can be expensive for our members to go to college or university. That’s why Advance Savings offers our student members low interest loans or lines of credit which allow you to pay back the amount borrowed after you graduate. 

  • Loans or lines of credit are available to full or part-time students (a co-signer may be required)
  • Competetive interest rates
  • While in school, you pay only for the interest on your loan or line of credit
  • Regular loan payments on the principal do not begin until six months after you've stopped being a student
  • Additional six months may be negotiated if you're unemployed
  • Repayment over 10 years, depending on amount
  • Low cost life and disability insurance available

Bike Loans Expand/Collapse

With a Keep-it-Green Bike Loan our members can borrow money to purchase a new bicycle at a local bike merchant.  Reducing your carbon footprint includes being less dependent on your car to get around.  
  • Flexible repayment options
  • Terms between 1 and 12 months
  • No pre-payment penalties.

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