Line of credit (LOC)
Convenient cash when it counts.
What it is
A loan you apply for once and access anytime
Borrow
From $500 and up1
Best part
Use it for everyday expenses, emergency funds, overdraft protection, or major life events
Why choose a line of credit?
Apply once, access anytime1
We only charge interest on the money you actually use, and you have ongoing access up to your credit limit without the need to re-apply.
Lower interest rates
The interest rate for a line of credit may be lower than a credit card, making it a cheaper option in an emergency.
Less stress around payments
A line of credit lets you borrow what you need and, unlike a loan, can be paid back according to your schedule.
Line of credit options.
| Creditline | Personaline | |
|---|---|---|
| This is for you if… | You want to borrow over $5,000 and prefer a rate lower than a credit card | You want to borrow less than $5,000 or don’t qualify for a Creditline |
| Interest rate | As low as Vancity Prime + 1.5%2 To discuss your rate, talk to us | 17.75% APR2 |
| Minimum monthly payment | Interest only | 5% of outstanding amount |
| Minimum limit | $5,000 | $500 |
| Maximum limit1 | Depends on eligibility For more information, talk to us | $5,000 |
| Insurance available |  |  |
| Can be secured | | |
How to apply.
Talk to us
Let us know what you’re borrowing for and how much you need. We’ll answer your questions and help you move forward with confidence.
Explore your options
We’ll look at different ways to help you reach your goal and find a path forward. We may even uncover something more favourable than what you came in for.
Provide application documents
Once we review your options, we’ll put together the application and handle the rest for you.
Sign for your line of credit
When everything is ready, we’ll set up a time for you to visit your nearest branch and submit your signatures. If you’re an existing Vancity member, you can sign virtually without leaving home.
Book a call.
Connect with a specialist to get tailored advice or to start your application.
General questions.
Monday to Saturday: 8 am to 8 pm
Sunday and holidays: 10 am to 5:30 pm
Metro Vancouver: 604-877-7000
Greater Victoria: 250-519-7000
Toll-free: 1-888-826-2489
Loans that are great for you, and the planet too.
Get preferred rates and other support when choose one of our Planet-Wise™ lending solutions:
- Planet-Wise Renovations Loan
Fund your energy-efficient home renovations with three borrowing options to choose from: HELOC, Creditline or term loan. - Planet-Wise Transportation Loan
Borrow up to $1,500 to buy an electric or hybrid vehicle, including pedal bikes, e-bikes, scooters, electric cars, hybrids, charging stations and conversion kits.
Explore other lending.
Personal Loan
Vancity Fair & Fast Loan™
Applications and the amount you can borrow are subject to standard Vancity credit review and approval, including obtaining your credit bureau report to confirm your eligibility for a Creditline or Personaline; conditions and minimum limits apply to each. The availability of your line of credit is subject to your account remaining open and in good standing. Vancity reserves the right, at any time without prior notice and in its sole discretion, to add to or modify any of these terms and conditions, and to modify, increase, decrease or withdraw any interest rate offers.
A Creditline has a variable interest rate. The variable interest rate is based on the Vancity Prime Rate plus an increment ranging from 1.50% to 7.50%. The increment is based on your credit application, including your credit bureau report, the active products and services you hold, and other factors. Vancity reserves the right in its sole discretion to determine what increment you qualify for based on this information. Vancity Prime Rate means the annual rate of interest that Vancity determines from time to time as a reference rate for determining interest rates on Canadian dollar loans. As of June 4, 2025, the Vancity Prime Rate is 4.95%. The Vancity Prime Rate can be found on our rates page (www.vancity.com/Rates).
Annual Percentage Rate (APR) means the cost of borrowing for a line of credit expressed as an annual rate; the APR is the same as the interest rate because there are no additional fees or charges. If additional fees and/or charges apply, the total cost of credit and APR would increase. All lending is subject to credit and underwriting approval. Interest is charged on any amount owing on a line of credit from the date of the advance until that amount has been paid in full. If the amount is owing at the end of a day, then interest is charged on that amount as described above; there is no interest-free grace period. Interest will compound monthly. This means any unpaid interest from a statement period will be added to the balance of the line of credit on the first day of the next statement period and will accrue interest from that date. For a Personaline, at least 5.00% of the statement balance is due monthly.