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How does a line of credit work?
A line of credit can give you access to additional funds at any time while enjoying a lower interest rate than most credit cards. It's great when you need money to either make a payment on time when you’re short on funds, or in case of an emergency.
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Related questions
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Why am I receiving email alerts about my line of credit? Receive email alerts about your line of credit and keep an eye on your finances. -
Where can I find the interest rate on my line of credit? The interest rate for your line of credit can be found on your monthly statement in your online bank. Use personal loans and line of credit rates as examples. -
What fees are associated with a personal line of credit? A personal line of credit can have different types of fees including interest fees, management fees and fees on certain transactions. -
What are the rates for lines of credit? Rates for lines of credit can differ, consult the rates for personal loans and lines of credit. Make an appointment at one of our branches for more information. -
How do I manage, activate or deactivate my alerts? Here’s how to manage, activate or deactivate your balance and credit alerts from your online bank or the National Bank app.
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