A line of credit is a maximum approved amount you can borrow based on your financial circumstances. You can access line of credit funds anytime by withdrawing up to your credit limit. You pay interest only on the amount you borrow. And you only have to apply once. When you pay off your line of credit it automatically renews itself, so the money’s available when you need it.
It's ready cash when you really need it: for travel emergencies or car repairs, or to take advantage of one-time bargains. A line of credit also protects your account from overdrafts or from cheques being returned because of inadequate funds.
You can choose from two lines of credit
Personaline: write your own loan
Terms to fit your needs and your budget:
automatic overdraft protection
cash when you need it
access your line of credit by cheque or ATM
maximum: $5,000
Creditline: flexible loan amounts
Terms to fit your needs and your budget:
minimum amount: $5,000
maximum: no pre-set limit, amount depends on your eligibility
variable interest rate based on prime rate.
How to apply
You can apply for a Squamish Savings line of credit at your branch
Terms to fit your needs and your budget:
