Vancity Ready to Rent Loan

The Vancity Ready to Rent Loan offers members an interest free loan when they undertake home upgrades for the purpose of readying a suite or room, to house a Refugee through the ISSBC program or Private Sponsorship Program. Not only does this interest free loan save members money compared to a conventional loan and can increase your future home rental potential, but it will also increase the supply of available housing units for refugees.

Loan features

  • Interest free
  • Amount: $3,500 minimum; $50,000 maximum
  • Term: up to 7 years (84 months)
  • Flexible repayment options available

Loan requirement

In order to receive this interest free loan, members must demonstrate by way of producing an official document from the CIC immigration office detailing that the refugee they have sponsored has been approved to come to Canada through the privately sponsored refugee program; or members must be registered and approved with ISSofBC housing prior to the application. To register with ISSBC, please contact them directly at 604.684.2561.

If you’re already registered and approved by ISSofBC, you can apply for the loan by contacting us at 604-877-7000 or 1-888-Vancity (826-2489) or visit your Vancity branch.

Our standing lending granting criteria apply. This product and its features may change at any time and may be withdrawn by Vancity at any time for any reason without prior notice to the member. Terms and conditions apply.