Help centre
Line of credit
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How can I afford to buy a home or go back to school? Buy a home or go back to school using an RRSP loan or line of credit. You can also maximize your RRSP contributions and save for your long-term projects. -
How does a line of credit work? A line of credit can provide additional funds with a lower interest rate than most credit cards. Use them to pay for renos, your bills, or emergencies. -
How does paying off my line of credit work? The process of paying back the line of credit is simple. Your only obligation is to repay the minimum payment shown on your monthly statement. -
How do I apply for a line of credit? Apply for a line of credit either in person or over the phone. You’ll benefit from a preferential variable rate to finance your projects. -
How do I choose between an RRSP loan or line of credit? Learn how to choose between an RRSP loan or line of credit. -
How do I close my line of credit? Contact us to close your line of credit. Haven't used it? You can close it at any time. Have you used it? You must pay it off in full first. -
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. -
Is there a limit to how much of my line of credit I can repay at once? Learn how you can go about repaying your line of credit. -
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. -
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. -
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. -
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.
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