Line of credit (LOC)

Convenient cash when it counts.


From $500 and up1

Best part

Borrow when you need it, pay it back when you can

Book an appointment

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.

Why choose a line of credit?

Apply once, reliable forever2

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.

See interest rates

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.



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.

Interest rate

Varies; talk to us to discuss your rate.

17.75% APR³

Minimum monthly payment

Interest only

5% of outstanding amount

Minimum limit



Maximum limit1

Depends on eligibility. Talk to us for more information.

$ 5,000

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.

See document checklist

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.

Get started

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