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 only borrow the funds you need, and pay interest on what you borrow
  • A one-time application process with no need to re-apply

Additional details:

  • Get 24-hour, no transaction fee access to your line of credit through CIBC branches, bank machines, telephone banking, online banking and mobile
  • Receive free personalized duplicate cheques
  • Receive itemized monthly statements
  • Pay off all or part of the balance at any time without penalty

Unsecured vs. secured line of credit:





  • 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


Variable Variable


Open Open