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Join Simplii

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Borrowing
Secured Line of Credit

A simple way to borrow, a simple way to bank

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Borrow in a way that makes sense

If you own your home, this product might be right for you.

A secured line of credit gives you freedom to expect the unexpected, or turn that home renovation dream into a reality.

Special offer

Earn $150 cash back
Open a Simplii™ Secured Line of Credit and keep a balance of $30,000 or more for 3 months.^†

An application fee applies. | Offer ends November 30.

Borrow what you need and only pay interest on what you use

Free unlimited Interac^® Debit transactions, bill payments, withdrawals, and cheques

Enjoy flexible repayment options that fit your life

Want to apply for a Secured Line of Credit?

You can apply by logging onto your online banking or call us at 1-866-747-8130.

Sign on to apply

Take a look at today's rates:

Daily Balance	Annual Rate (%)
On all outstanding balances	Get a competitive low rate on our secured borrowing account**

Tools and calculators

Creditor Insurance Premium Calculator

Services that suit your needs

Interac e-Transfer^®

Send, request and receive money for free, quickly and securely.

Learn about Interac e-Transfer

Simplii Financial™ Global Money Transfer

Pay tuition and take care of loved ones around the world with $0 transfer fees.¹

Learn about Global Money Transfer

Simplii Financial™ Foreign Cash

Order foreign currency online and get it delivered free to your home or nearest Canada Post office.

Learn about Foreign Cash

Have questions?

Call us anytime at 1-888-723-8881Opens your phone app.

Email us at talktous@simplii.com

**Rate based on go to CIBC prime. Prime means the variable interest rate declared by CIBC from time to time to be the CIBC prime rate for Canadian Dollar loans made by CIBC in Canada. CIBC prime rate is subject to change. Your rate will vary whenever CIBC prime rate varies and/or whenever we change your variable interest rate in our sole discretion.

†This offer is available to primary account holders: (i) who initiate and submit for credit adjudication an application for a new Simplii Secured Line of Credit Account (“SLC”) between October 1, 2019 and November 30, 2019 (the "Offer Period”); (ii) who pay the $150 application fee in respect of the SLC; (iii) whose SLC is approved on or before January 15, 2020; and (iv) who meet all of the additional terms and conditions below.

A qualifying primary account holder will receive $150 cash back if they maintain an average daily closing balance of $30,000 or more (the “Average Closing Balance”) on the SLC between the date the SLC is approved, and the last day of the second full calendar month following the date the SLC is approved (the “Qualifying Period”). For example: (a) a SLC approved during October 2019 must maintain the Average Closing Balance until December 31, 2019; (b) a SLC approved during November 2019 must maintain the Average Closing Balance until January 31, 2020; (c) a SLC approved during December 2019 must maintain the Average Closing Balance until February 28, 2020; and (d) a SLC approved during January 2020 (on or before January 15) must maintain the Average Closing Balance until March 31, 2020. An average daily closing balance is calculated as the closing balance in the SLC at the end of each day averaged over the Qualifying Period.

Cash reward will be credited to the SLC in April 2020 if all conditions have been met and only if the SLC is active and in good standing on the date the cash reward is credited. Limit of one $150 cash reward per SLC, per customer.

All credit products are subject to credit approval. SLCs are subject to $15,000 minimum borrowing amount and additional conditions and restrictions apply; ask for details. Not available in Quebec or on properties located in Nunavut, NWT and Yukon. A $150 application fee for processing, appraisal and registration applies. This offer is not available in respect of SLCs for which the $150 application fee was waived.

Offer and cash reward are non-transferable and cannot be combined with other promotional offers. The recipient of the cash reward amount is solely responsible for all tax consequences associated with its receipt. Offer may be withdrawn, cancelled or changed without notice, at any time, for any reason. Offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by Simplii Financial, in its sole discretion. Simplii Financial reserves the right to determine, in its sole discretion, whether a borrower has initiated and submitted an application for credit adjudication during the Offer Period.

For more information, including current interest rates, visit www.simplii.com, or call 1-888-723-8881.

¹Simplii Financial Global Money Transfer Service rates apply. Must have a Simplii Financial chequing account, personal or secured line of credit to send a Simplii Financial Global Money Transfer. Most transfers are completed by the next business day; some require up to 3 business days to be completed. For full terms and conditions, review the Simplii Financial Global Money Transfer Agreement (PDF, 115 KB) Opens a new window in your browser..

^™ “SIMPLII FINANCIAL” and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. “Simplii Financial” is a division of CIBC. Banking services are not available in Quebec.

^® Interac and Interac e-Transfer are registered trade-marks of Interac Corp. Used under licence.