Pay no annual fee with a Personal Line of Credit.

Use funds through your debit card, cash withdrawals, Global Money Transfer, Interac e-Transfer®, mobile banking, cheques, drafts, wire transfer and more.

Low minimum monthly payment of 2% of the outstanding balance or $50, whichever is greater, or any larger amount up to the full balance. Plus, you only repay interest on the funds you use.

Gain access to cash on the go, locally and globally , at participating ATMs, in-store or online.    

Plan on carrying a balance for an extended period of time? A line of credit is the preferred choice over a credit card.

Any principal amount you repay is accessible to you again. No need to reapply!

Want available credit and intend to pay off your balance every month? Check out our Simplii Financial™ Cash Back Visa* Card.

  • Ease your financial burden by paying off high interest debt
  • Enjoy your vacation with immediate access to funds
  • Use to fund an unexpected expense
  • Send money to people or businesses globally 
  • Turn your house into your dream home
  • Plan for an upcoming holiday

Bring a friend. Earn $125. Repeat.

Earn $125 each time a friend opens a Personal Line of Credit or another eligible account using your unique referral link. Share your link and spread the word — your friends will get $50 too. 

Submit an application through online banking

Our lending specialists can help you apply for a Personal Line of Credit 1-888-723-8881 Opens your phone app.

Before you apply:

To apply for a Personal Line of Credit, you must:

  • Be a permanent resident of Canada (excluding Quebec)
  • Be the age of majority in your province
  • Not have declared bankruptcy in the last 7 years
  • Have a minimum gross personal income of over $20,000

New Verify your identity with ease

Digital banking has never been so simple. With Interac document verification service, you can verify your identity safely from the comfort of your own home.

More on borrowing

If you can’t make your personal line of credit payments because of job loss, disability or death, Creditor Insurance can help protect you and your family. You can insure your personal line of credit with one or all three types of coverage.

To learn more and review our rates, visit the Creditor Insurance page.

To add Creditor Insurance to your personal line of credit, call 1-888-723-8881 Opens your phone app.

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