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New ATMs

Get a line of credit

Create your own loan, whenever you need it and only pay interest when you use it.

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Rating from 500+ post-appointment reviews

What is a line of credit?

A line of credit is the most flexible way to get funds when you need them.

Once approved, you can use your line of credit, up to your authorized limit, as you want. So you don’t need to get a loan every time you need funds.

Personal Line of Credit
  • A Personal Line of Credit is unsecured, meaning you do not need to secure it with an asset like your home.
  • Since a Personal Line of Credit is unsecured, your interest rate will typically be higher than a home equity line of credit.
  • You do not need any other Cambrian products (like a mortgage) to qualify for a personal line of credit.
Home Equity Line of Credit
  • A Home Equity Line of Credit is secured by your home. So you can get a higher limit, up to 80% of the value of your home.
  • Since this line of credit is secured by your home, your interest rate will typically be lower than a personal line of credit or loan.
  • You need to have your mortgage with Cambrian to qualify for our Home Equity Line of Credit.

Simplify your life with credit that’s available when you need it.

Your line of credit is in your account, ready to be used when you decide to use it. Since you don’t need to talk to your advisor before tapping into it, you have the freedom to decide when and how to use of your line of credit.

Save on interest with a line of credit.

With a line of credit, you only pay interest on the amount you use, at a lower interest rate than a credit card.  This makes a line of credit a great option for quick access to funds, short term financing needs or covering unexpected expenses.

At Cambrian, we keep our lending rates among the lowest in our local market to save you money.

Save $222 every
year with Unfee.

Moving your daily banking account to Cambrian will save you money every year with Unfee.

Bank for free by setting up a monthly direct deposit in your Cambrian chequing or savings account and we’ll refund your service fees every month. With our Premium Account, you will save $222 every year. No minimum balance required.

Our line of credit process is simple and quick.

“Our Cambrian advisor has done an excellent job in moving our mortgage and setting up a line of credit for us. He has kept us informed of all the steps in the process and been available for any questions we have had.”


experience getting a Cambrian mortgage and line of credit

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What are your Payment Protection options?

Payment Protection is optional and covers your line of credit payments in the event you become sick or injured, or pays off the outstanding balance of your insured debt if you pass away.

*Payment Protection is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.

Reach us when and where
you need us.

We know your time is precious, so we strive to make your experience quick and seamless.

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Same-day response to your  application.
  • Online applications will be reviewed within one business day.
  • Credit decisions are made locally ensuring a quick turnaround time.
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Our average call response time is under 1 minute.
  • When you have questions, you can reach us in minutes (not hours).
  • Our contact centre representatives are personable and local.
You don’t need to come into the branch.
  • Book a meeting online to meet with an advisor by video or phone.
  • You can meet with any of our available advisors at the time that suits you best.

Top 3 things to know about a line of credit

1. Understand your borrowing needs

Before applying for a line of credit, determine the amount you would need by estimating when & how you will use it.  

If you own your home, consider using the equity in your home (value of your home minus what you owe) to qualify for a Home Equity Line of Credit at a lower interest rate.

2. You only pay interest on your balance

With a line of credit, you only use the amount you need, when you need it. This also means you only pay interest on the amount you use.

3. Save time

You can apply for a line of credit online, meet with an advisor via video and sign your documents electronically. No need to step foot in a branch.