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​Our FirstOntario MeritLine is key to making your dreams come true.

​Ask us before June 30th how you can get 1% cash back*

Lines of Credit

Fast cash when you need it

A line of credit (LOC)  gives you access to ready money, up to your approved credit limit. All without applying for a loan or setting up payments. 

Borrow the funds you need, pay the interest monthly and the balance when you choose, without penalty.

LOCs are commonly used for overdraft protection, to finance a large purchase and to cover education costs.

We can help you meet your financial needs with these LOCs, all based on approved credit. 

Here's how we can help

Personal LOC

Ready money, low rates and the flexibility to pay back the balance on your own time while you make monthly interest payments.

​MeritLine Home Equity LOC

If you’re a qualifying homeowner, you can use your home equity as security to lock in our lowest rate.

​Student LOC 

We realize the financial burden put on students and if you qualify, you'll have access to these funds at low-interest rates.

​Make an appointment today

Visit a branch to apply for the line of credit that works for you.

* Terms and Conditions

  1. This offer is available to new and existing retail Members.
  2. This offer is available from April 1 to June 30, 2019 (campaign period).
  3. To be eligible, a Member must draw a minimum of $10,000 from their MeritLine during the campaign period.
  4. Funds drawn cannot be used to pay off any other FirstOntario mortgages, loans or lines of credit from the date on which the eligible funds are drawn through to December 31, 2019.  If any of the funds are used to pay off such balances, the Member will no longer be eligible for the cashback incentive.
  5. The cashback incentive will be paid on January 31, 2020 and will be deposited to the Member’s chequing account. 
  6. The cashback of 1% will be calculated on the lesser of the amount drawn on the MeritLine during the campaign period and the balance remaining on December 31, 2019 to a maximum of $2,500.

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