Loans & Lines of Credit

A personal loan may be the right type of lending product; whether you finally decided to purchase that RV you have been dreaming of or when all of your household appliances decide to pack it in at the same time or you just want the ease of making one payment.

• Loan terms from 1–5 years. No prepayment penalties
• Flexible repayment options based on your personal needs
• Competitive rates with either fixed or floating rates of interest
• Skip-a-payment option – equivalent of one monthly payment each calendar year - for customers in good standing at no additional charge
• Minimum amount for a personal loan is $5000. Maximum loan amount will depend on your credit and capacity

Any one of our qualified lenders would be happy to answer your questions such as:

• How much should you spend?
• Is there a recommended amount in comparison to your annual salary?
• How long should you finance a vehicle purchase?
• What are your options for a down payment?
• How much of a down payment is required or recommended?
• Is there a limit on the age of a vehicle that can be financed?

General terms

• Loan terms from 1–5 years
• No prepayment penalties
• Flexible repayment options based on your personal needs
• Competitive rates with either fixed or floating rates of interest
• Easy application process
• Pre-approval options
• Skip a payment option  – equivalent of one monthly payment each calendar year - for customers in good standing at no additional charge
• Minimum amount for a vehicle loan is $5000

An RRSP loan is for you if:

• you are trying to catch up on missed RRSP contribution limits
• you want to increase your tax refund opportunities by maximizing your RRSP contribution
• you are a new contributor and you want to invest in a spousal RRSP

RRSP Loans have:

• Easy payment options
• No prepayment penalties
• Interest rates as low as Peace Hills Trust prime
• Deferred first payment up to 90 days so you can use your tax rebate to repay all or some of your loan

We can help you with both the financing and the investment. 

To get you started please contact any one of our Regional Offices to discuss current investment and loan rates.  

Some of the features:

• No minimum LOC limit
• Your money is simply an extension of your account, no need to transfer funds
• Interest is charged only on the amount you use
• Interest only payments may be allowed
• Flexible repayment options
• No prepayment penalties
• Payoff the line of credit and its yours again as a cushion whenever you need it
• Variable, competitive interest rates based on the security offered and your responsible credit history