A personal line of credit suits uneven or ongoing expenses where you want to borrow only what you need. Compare the rate over prime you are offered, the minimum payment, and whether a secured line could lower your rate.
Who should look elsewhere: If you need a fixed amount for one purchase and want a firm payoff date, a personal loan can be easier to stick with.
Listed alphabetically, not ranked. Placement is not affected by compensation. Confirm current terms with each provider.
CIBC
A student line of credit for post-secondary education expenses. Confirm the current limit and repayment conditions directly with CIBC.
CIBC
Reusable personal borrowing for everyday expenses or larger purchases. Interest applies to the funds used.
CIBC
Student financing for eligible professional education programs. Limits and conditions depend on the program of study.
Libro Credit Union
Personal revolving borrowing intended for unexpected expenses. Ask a Libro Coach about eligibility, limits and repayment arrangements.
Affinity Credit Union
Credit connected directly to a chequing account, providing a cushion when the account would otherwise fall below zero. Confirm secured or unsecured terms.
DUCA Credit Union
Apply once for reusable access to approved credit. Interest applies only to the amount used.
Kindred Credit Union
Revolving personal borrowing up to a predetermined limit. Confirm your approved limit, rate and membership requirements.
Newfoundland & Labrador Credit Union
Personal credit for unexpected expenses and other borrowing needs, with interest on the amount used. Confirm membership and lending requirements.
UNI Coopération financière
Personal revolving credit with a variable interest rate and flexible repayment. The official product information linked here is in French.
National Bank of Canada
Student revolving credit for eligible education expenses. Confirm program requirements, interest payments and repayment timing.
ATB Financial
A personal line of credit designed for eligible permanent residents newly arrived in Canada. Confirm residence, income and lending conditions.
Northern Credit Union
Personal borrowing for flexible credit needs. Confirm availability, security requirements, rate and repayment conditions with Northern.
National Bank of Canada
Personal revolving borrowing with a variable rate based on the borrower credit profile. Confirm your limit and applicable conditions.
Kawartha Credit Union
Flexible ongoing borrowing with access to funds and reuse of available credit. Confirm the current limit, rate and payment conditions.
Prospera
Unsecured revolving personal borrowing with interest on the amount used. Prospera is a brand in the Coast Capital family; confirm current servicing and eligibility.
FirstOntario Credit Union
Reusable access to money up to an approved limit, with secured and unsecured options. Confirm the applicable rate and payment terms.
East Coast Credit Union
Flexible personal borrowing within an approved limit. Confirm residence, membership, payment and security requirements.
Coast Capital Savings
Reusable personal credit for larger expenses. Interest applies to the amount used; approval and the rate depend on your risk profile.
ATB Financial
Reusable personal credit with flexible draw and repayment. Interest applies to the amount borrowed.
Cambrian Credit Union
Unsecured personal revolving credit. Cambrian states that another Cambrian product, such as a mortgage, is not required to qualify.
Innovation Federal Credit Union
A line of credit linked to chequing with interest on funds used. Membership and borrower eligibility requirements apply.
Your Neighbourhood Credit Union
Flexible reusable personal credit with interest on the amount used. Ontario residence requirements apply.
Desjardins
Pre-authorized personal credit for short-term costs, purchases and unexpected expenses. Confirm your rate, limit and repayment requirements.
Affinity Credit Union
A revolving credit alternative that is not connected directly to chequing. Repaid credit can be used again without a new application.
Conexus Credit Union
Reusable personal credit with no fixed term and interest on the amount used. Confirm payment options and security requirements.
RBC Royal Bank
Reusable personal borrowing with secured and unsecured options. Confirm your applicable rate, limit and repayment requirements.
RBC Royal Bank
Student revolving credit for eligible post-secondary programs. Credit limits and repayment arrangements depend on the program.
Scotiabank
A line of credit for eligible professional students. Available limits and repayment arrangements depend on program eligibility.
Scotiabank
Revolving personal credit with flexible access and repayment. This listing is for the personal product, not its real-estate-secured counterpart.
Scotiabank
Revolving credit for eligible post-secondary students. Confirm in-school payments and when principal repayment begins.
ATB Financial
Student borrowing for eligible undergraduate, certificate or diploma studies. Limits and repayment arrangements vary with the program.
TD Canada Trust
Reusable personal credit for unexpected expenses. Confirm your approved limit, rate and repayment requirements with TD.
TD Canada Trust
Student borrowing for eligible undergraduate education expenses, with repayment arrangements designed around studies.
General information, not personalized financial advice.
Finvilo