Lines of Credit
Access the funds you need whenever you need them.
Choose the right option for you.
Overdraft Protection
Perfect for you if…
You need short term credit in case of emergencies. Overdraft protection is a small line of credit attached directly to your chequing account. It gives you that financial breathing room and acts as a simple way to protect your credit rating.
Key features
- Interest is charged only when used and is calculated on the amount used
- Monthly overdraft fee of $3 applied only when used
Line of Credit
Perfect for you if…
You are looking for a way to access funds when needed – without getting a personal loan. You apply once and can borrow against an approved limit.
Key features
- Control how much you borrow
- Funds are accessible with Interac debit, e-Transfer and cash or cheque withdrawal
- Competitive interest rates
- Flexible repayment options
- Low-cost life and disability insurance available
Student Line of Credit
Perfect for you if…
You are looking for an affordable way to pursue your education. Students can borrow to assist with the cost of attending a post-secondary institution.
Student lines of credit are available to full or part-time students (a co-signer may be required)
Key features
- Competitive interest rates
- While in school, you pay only for the interest on your student line of credit
- Regular loan payments on the principal do not begin until six months after you have stopped being a student
- Additional six months may be negotiated if you are unemployed
- Repayment over 10 years, depending on amount
- Low-cost life and disability insurance available
Total Access Home Equity (TAHE)
Turn Your Home’s Equity into Opportunity
Making a large purchase or facing an unexpected expense? Enjoy peace of mind with flexible access to funds when you need them most. Pay interest only on what you use and reuse your credit as you repay. The TAHE is flexible, convenient, and built for life’s big moments.
Key Features
- Access up to 80% of your home's appraised value*
- Flexible payment options
- Customizable for your needs
- Low-cost life and disability insurance available
Get your line of credit more ways
Not sure which line of credit is right for you?
We’ll be happy to help you pinpoint the option that best suits your needs.
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Line of credit rates
Take a look at the latest competitive rates we offer for our line of credit solutions.
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Level up your financial know-how
Guide to borrowing
Any time you take on debt, it’s important to understand the ins, outs, and implications of your choices.
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Copyright 2024 Brunswick Credit Union. All rights reserved.
Copyright 2024 Brunswick Credit Union. All rights reserved.
