Apply online,for a C I B C Personal Line of Credit find a branch, or call 1-866-525-8622

A line of credit is for you if you want:

  • Access to funds on an ongoing basis
  • Flexible funds for home renovations, vehicle purchases, daily spending and even consolidating your higher interest debt
  • To pay interest on what you borrow
  • Competitive interest rates

Additional details:

  • View your monthly eStatement in CIBC Online Banking®. Set up text or email alerts to notify you when a new eStatement is available
  • Get 24-hour, no transaction fee access to your line of credit through CIBC Banking Centres and bank machines, as well as telephone, online and mobile banking
  • Receive free personalized duplicate cheques
  • Pay off all or part of the balance at any time without penalty

Unsecured vs. secured line of credit:

 

Unsecured

Secured

Benefits
  • Get access to credit with a quick approval process
  • Ongoing access to funds for everyday purchases                                     
  • Lower interest rate on credit secured by your home or other assets
  • Ongoing access to funds for larger purchases, debt consolidation or home renovations

Security required

 No Yes

Lending range

 $5,000 and up $10,000 and up

Rate

 Variable Variable

Term

 Open Open