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Lines of Credit

Flexible Funds, Available When You Need Them.

Open a line of credit to purchase whatever you need, whenever you need it. Secured and unsecured lines of credit offer you the same options as a loan but with more flexible payment and usage options. Make lump sum payments without penalty, control your monthly payment amounts, and feel at ease knowing the money is there should an emergency happen.


Plus, you can access your Line of Credit funds through your First Cheque™ GLOBAL PAYMENT® Mastercard®, when you connect your line of credit to your First Calgary chequing account!

?Did You Know

When you connect your line of credit to a First Calgary chequing account, you’ll pay less in interest. Funds are accessed from your line of credit when your account reaches zero funds. It’s just another way our credit union puts money back in your pocket!

 

Find An Account

1

Personal Line of Credit


Use the borrowed funds whenever you need to, and you only pay interest on what you’ve spent. You choose how much you repay each month.

  • Access your funds with you First Cheque™ Global Payment™ Card
  • Competitive Rates with secured and unsecured options
  • Pay outstanding balances off anytime, without penalty
2

Home Equity Line of Credit (HELOC)

Access up to 80% of your home’s appraised value. A HELOC is secured by your home equity – less outstanding mortgages and liens – with rates that float with Prime.

  • A one-time fee for: Property appraisal, Processing fee, Legal and disbursement costs*
  • Flexible Repayment - pay as little as just the monthly interest
  • Pay outstanding balances off anytime, without penalty
3

RSP Line of Credit


Maximize your RSP contributions with an RSP Lines of Credit, RSP loan, or RSP Top-up Loan!


Our experienced and helpful team will help find the plan that’s right for you.

  • Competitive Rates
  • Flexible Repayment - pay as little as just the monthly interest
  • Pay outstanding balances off anytime, without penalty
4

Student Line of Credit

Take charge of your student financing. If you’re a full-time or part-time student, a student line of credit can provide the peace of mind you need to stay focused on your studies.

  • Interest rate at Prime
  • Interest-only payments during school
  • 12-month grace period after graduation before required to pay down principal

Coming in for an appointment?

Make the most of our time together by ensuring that you have everything you need. You’ll want to bring:

  • Government issued Photo ID
  • Personal information including: Social Insurance Number(s), Occupation and Employer, Birthdate, full Civic or Legal/Land Address and Mailing Address if applicable and Phone Number
  • Detailed list of Assets (what you own) and Liabilities (what you owe) with Supporting Documents
  • Documents pertaining to Request for Funds (Purchase Agreements, Conditional Sales Agreements etc.)
  • Income Verification and Employment Information:
    • Letter(s) of Employment or 2 Recent Paystubs or 2 most recent Tax Years of CRA Notice of Assessment.

  • For Self-Employed individuals:
    • 2 most recent Tax Years of CRA Notice of Assessment and 2 years Business Financials

The Legal Stuff:

*Terms and conditions apply. All credit products are subject to approval and First Calgary Financial lending criteria, fees and charges. All rates and products are subject to change without notice. HELOC offer does not apply to new purchases, commercial mortgages or business lines of credit and the one–time fee does not include fees for independent legal advice, if required. The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you, and reach out to our teams to help determine if the product is appropriate for you.