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Borrowing
Secured Line of Credit

Your house can be more than just a home

Borrow at rates as low as prime^ⓘ, courtesy of your home. Plus, get the convenience of a no-fee chequing account all rolled into one account.

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A Secured Line of Credit is a revolving source of funds, up to an approved amount, that you can access when you need them. Also referred to as a Home Equity Line of Credit, the funds in this account are secured against your property. Any amount you repay is accessible to you again without reapplying. A line of credit lets you write cheques and make ATM withdrawals, and you only pay interest on the funds you use. A dedicated Mortgage Specialist will be assigned to discuss your application and will be there to assist you with any questions you may have, every step of the way. If you wish to have a Line of Credit that isn’t secured against your property, check out our Personal Line of Credit.

Access low cost, flexible borrowing with the benefits of a chequing account

If you own your home, a Secured Line of Credit may be right for you even if your mortgage is not with us.

Our secured line of credit gives you the freedom to expect the unexpected, turn that home renovation dream into a reality or even consolidate high cost debt, while getting all the benefits you expect from a chequing account.

Interest rates as low as prime^ⓘ

No application or annual account fee¹

VIP rates if you have a Simplii Mortgage

A chequing account and line of credit in one account

Borrow what you need and only pay interest^†

More about rates

Simplii Mortgage Clients	Simplii SLC (Secured Line of Credit) Only Clients
VIP rates below prime^ⓘ	Rates as low as prime^ⓘ

Interest rates are variable and will change according to the prime interest rate. VIP rates are only applicable if you have a a mortgage with us.

More benefits

A single account for all your borrowing and transacting needs

Add your payroll so that your unused cash pays down your debt immediately

Pay bills, make transfers with Interac e-Transfer^®, withdraw money at CIBC ATMs and send money globally for free

Access your account through your debit card, Simplii Mobile App, online banking or any CIBC ATM

Want to apply for a Secured Line of Credit?

You can apply by signing on to online banking or calling us at 1-866-747-8130 Opens your phone app..

Request a call

Can't find what you're looking for?

We'd love to help you, no strings attached

Our lending specialists will take the time to understand your financial situation and give you the best options. Whether you want to chat about rates or ask for advice, they're always available to help.

Request a call

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Borrowing
Secured Line of Credit

Access low cost, flexible borrowing with the benefits of a chequing account

More about rates

More benefits

Want to apply for a Secured Line of Credit?

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Borrowing Secured Line of Credit

Access low cost, flexible borrowing with the benefits of a chequing account

More about rates

More benefits

Want to apply for a Secured Line of Credit?

Can't find what you're looking for?

Here are the top matches for your search.

Other questions people were interested in.

Top {category} questions

We'd love to help you, no strings attached

About us

Privacy and protection

Support

Help

Borrowing
Secured Line of Credit