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 emergency funds, overdraft protection, or major life events — when you don’t need all the money all at once.
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.
The interest rate for a line of credit may be lower than a credit card; making it a cheaper option in an emergency.
A line of credit lets you borrow what you need and, unlike a loan, can be paid back according to your schedule.
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
Let’s walk through the process of applying for a line of credit.
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.
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.
Once the Account Manager or Lending Specialist reviews your options, they’ll put together the application and handle the rest for you.
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.
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:
Connect with a specialist to get tailored advice or to start your application.
Book an appointment
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 meeting Vancity's usual credit criteria.
² Conditions apply. Subject to your account remaining in good standing.
³ The annual percentage rate (APR) is compounded monthly, not in advance, APR assumes no fees or charges apply. If additional fees and/or charges apply, the total Cost of Credit and APR would increase. This product, its features and advertised interest rates may change at any time and may be withdrawn by Vancity at any time for any reason without prior notice to the member.