|On all outstanding balances||Competitive rate based on prime‡|
For more information about our personal line of credit rates, call us at Opens your phone app.Opens your phone app. Opens your phone app.1-888-723-8881 Opens your phone app..
Interest is calculated on the daily closing balance and is charged to your line of credit account at month-end.
$5,000 minimum borrowing amount. Subject to credit approval. Additional conditions and restrictions apply; ask for details.
‡ The personal line of credit rate is based on prime plus a percentage determined at the time of credit approval. Your rate will depend on your credit position. 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 or whenever we change your variable interest rate in our sole discretion.
You may experience longer than normal wait times due to a higher volume of calls.