Get a personal loan, line of credit or Mortgage-Secured Accessline with the added security of payment protection, to:

Consolidate
Debt

Buy a Car, RV or Mobile Home

Finance a Larger Purchase

Finance a Renovation

Pay for your Education

Should I get a Personal Loan or a Line of Credit?

Whether a loan or line of credit is better for you depends on what you are using it for and how long it will take you to pay it in full.

Personal Loan

• A personal loan is used to fund larger expenses that you will paying off over a longer period, such as buying a car or RV or a smaller renovation project
• A personal loan typically has a much lower interest rate than a credit card. You could consolidate your outstanding debt into one easy loan payment to save thousands of dollars in interest costs
• With a set payment schedule, a personal loan ensures that you pay off the debt as planned, which improves your credit score

Learn more about the PayOffLoan

Line of Credit

• With a personal line of credit you have credit available when you need it, up to your authorized credit limit (similar to a credit card)
• A line of credit has a much lower interest rate than a credit card and you only pay interest on the amount you use
• You can transfer funds from your line of credit account to your chequing or savings account at any time, using Online Banking or Mobile Banking
• You can use the value of your home to get a mortgage secured line of credit with a lower interest rate and a higher credit limit

Learn More about a Line of Credit

Answers to your Loan Questions

Enjoy Peace of Mind with Payment Protection

At Cambrian, you can add Payment Protection to your personal loan or line of credit to ensure that your payments continue or that your insured balance is paid off, as the case may be, should your financial situation suffer due to illness, disability or death. Adding this protection gives you peace of mind that you have removed this financial burden from you and your family.

Safeguard yourself with Credit Life, Disability & Critical Illness Payment Protection.

Learn More about Payment Protection