Credit Advantage Line of Credit
Access funds and only pay for what you use.
The Credit Advantage Line of Credit gives you the flexibility to borrow as needed with no collateral required. You can make multiple withdrawals up to your approved credit limit and only pay interest on the amount you use, making it an efficient option for managing your short-term financial needs. Ideal for members who seek control and convenience, this revolving credit facility ensures funds are available when life demands it.
Maximum Loan Amount
$1,000,000
Maximum Repayment
5% of approved limit
Minimum Requirements
- A favourable credit report is required.
- For contractual employment, approval may depend on contract renewability and the member’s renewal history.
- Line of Credit will be terminated for members who are past due in excess of 30 days (without proper explanation).
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