Clearly better banking - one application for many loans!

Personal Line of Credit (LOC)

Apply once and use the funds again and again for whatever you want without having to reapply. It's a great way to avoid credit card interest rates. You pay interest only on what you use. Interest is calculated daily on the balance and the number of days that balance was outstanding.

Monthly repayment can be as little as interest only.  Repayments correspond to your pay dates, whether it's weekly, bi-weekly, semi-monthly or monthly. We'll match your line of credit payments to your payroll deduction or the direct deposit of your pay.

Call our Loan Specialists at 416.366.5534 or 1.877.782.7639 to set up an appointment or get pre-approved now.

RRSP Line-of-Credit

An RRSP Line-of-Credit (RRSP LOC) is a line of credit separate from any regular LOC you may have, and used ONLY to advance funds into your Luminus RRSPs. The rate is at PRIME if repaid before March 1 of the following year. Deferred payments are available up to 90 days. Catch up RSP loans are also available at different rates.

Call our Loan Specialists at 416.366.5534 or 1.877.782.7639 to set up an appointment or get pre-approved now.