CIBC Home Power™ line of credit

The CIBC Home Power line of credit lets you borrow with maximum control, choice and flexibility. (The minimum is $10,000.)

With the CIBC Home Power line of credit, you can use the equity in your home to secure a variable-rate personal line of credit (PLC) as a convenient borrowing option.1

Special offer! Right now, when you get a CIBC Home Power Plan or a CIBC Home Power line of credit, you can be eligible to receive a major home appliance. Offer ends June 30, 2008. Learn more

Apply online, call Telephone Banking at 1-866-525-8622 or visit one of our branches.

Is it for you?

CIBC Home Power line of credit could be for you if you have more than 20% equity in your home.

Key benefits

Saves You Money	Using the equity in your home can result in a lower "secured" interest rate. Make interest payments only on the funds you use, not your total credit limit. Pay no operating costs. Receive free personalized cheques and pay no service charges for writing cheques.
Convenient	Apply only once - it's set up for future use. Reusable even when it's been fully paid; you don't have to re-apply. Access by CIBC bank machine, Telephone or Online Banking, INTERAC* Direct Payment or by writing a cheque.
Payment Terms	Monthly payment options: Interest-only or 3% of your outstanding balance or $60 whichever is greater Minimum payment is due on the payment date printed on your statement. Pay via Electronic Funds Transfer (EFT), CIBC bank machines, Telephone or Online Banking, in-branch deposit or by mail.

Information you need to know:

• The online application is not available to residents of Quebec - please visit your nearest CIBC branch to apply.
• To make sure your property is eligible for a CIBC Home Power line of credit, check with your Personal Banker or call 1-866-525-8622.

Optional Features:

CIBC Personal Line of Credit Disability Insurance2 CIBC Personal Line of Credit Life Insurance2

Trademarks and Disclaimers

CIBC Home Power line of credit is not available in Nunavut. Applicants must meet all CIBC lending criteria. Certain conditions and restrictions apply. Credit limit determined by CIBC, in its sole discretion. Products and their features may change at any time.

This is a general description only. For more information call 1-866-525-8622.

1 Rate is based on CIBC's Prime lending rate. CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on your PLC will change whenever CIBC Prime varies.

2 Underwritten by The Sun Life Assurance Company of Canada. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in your Certificate of Insurance, which you receive upon enrolment.

™ Trademark of CIBC.

* Trademark of INTERAC Inc., used by CIBC under license.

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