the ‘life happens’ line of credit (or money when you need it)

In an ideal world, money would be unlimited, and you wouldn’t need a line of credit. But as we all know, this just isn’t the case and sometimes you need a couple of extra bucks to buy groceries or finish up a project around the house or (knock on wood) replace a broken appliance.


What is a line of credit?


To get technical for a moment, the Sunova LOC acts as a pre-authorized borrowing limit attached to your chequing account. Think of it as an extension of your account, there in case you are running short on cash or are hit with a surprise expense (like if your furnace goes).


  • Instant cash whenever you need it.
  • No monthly service fees.
  • You only pay interest on the portion you use.
  • Hassle-free access to your funds – since your LOC is attached to your chequing account, you have access to the funds through cheques, in-branch withdrawals, your Sunova debit card, and online banking.

  • Rate is often much lower than a typical credit card rate


As highlighted above, the best part of the ‘life happens’ LOC is you are charged interest on the portion you use. So, if you use $100 of your $5,000 line of credit, you only have to pay the interest on $100. Simple as that! Also, as you pay down your line of credit, the funds become available again, and you ‘re-borrow’ as you need.


Apply today


The line of credit amount and interest rate are subject to credit approval. You can contact one of our branches for more information and to book an appointment.


have questions?

Help HQ is here to, well, help! Give us a call at 1.833.378.6682 or start a chat session below!

Help HQ staff are available during the following hours:

Monday – Friday: 8:30 am – 6:00 pm

Saturday: 8:30 am – 4:00 pm


Sunday: Closed

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