Line of credit (LOC)
Convenient cash when it counts.
Borrow
From $500 and up1
Best part
Apply once, access anytime
A line of credit is an approved amount of money you can use for everyday expenses, emergency funds, overdraft protection, or major life events—when you don’t need all the money all at once.
Why choose a line of credit?
Apply once, access anytime2
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.
LOC options.
Creditline
Personaline
Is this for me?
I want to borrow over $5,000, and prefer a rate lower than a credit card.
I want less than $5,000 or don’t qualify for a Creditline.
Minimum monthly payment
Interest only
5% of outstanding amount
Minimum limit
$5,000
$500
Insurance available
Can be secured
Make it happen.
Let’s walk through the process of applying for a line of credit.
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.
Hear 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 the Account Manager or Lending Specialist reviews your options, they’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.
Borrow for the planet and get great rates.
Just by borrowing at Vancity, you’re helping the planet and our communities because 30% of our profits fund change-making initiatives. But let’s kick it up a notch. We want to make choosing between what you want, and what the planet needs, a no-brainer. Get great rates and other support when you borrow with the planet in mind:
Let's get started.
Book a call
Connect with a specialist to get tailored advice or to start your application.
Book an appointment
General questions
Monday - Saturday: 8 am to 8 pm
Sunday & holidays: 10 am to 5:30 pm
Metro Vancouver: 604-877-7000
Greater Victoria: 250-519-7000
Toll-free: 1-888-826-2489
Legal
¹ 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.
² 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).
³ 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.