Personal Lines of Credit

Maintain peace of mind with a personal line of credit that’s always available when you need it. Ideal for unexpected expenses, medical bills, or home improvements, our personal lines of credit allow you to borrow only what you need and pay interest only on the amount you use. Enjoy competitive rates, flexible repayment options, and the ability to access funds instantly.

Home Equity Lines of Credit (HELOC)

Unlock the value of your home with our Home Equity Lines of Credit (HELOC). Use your home’s equity to secure a flexible credit line that can be used for major expenses like renovations, education, or large purchases. Benefit from lower interest rates compared to unsecured loans and enjoy the convenience of drawing funds as needed, all while building a stronger financial future.

Business Lines of Credit

Empower your business with the financial flexibility to seize opportunities or manage cash flow challenges. Our business lines of credit are tailored to support your operations, whether you need to cover payroll, purchase inventory, or handle unexpected expenses. With competitive rates and easy access to funds, we ensure your business has the resources it needs to thrive.

Student Lines of Credit

Pursue your academic dreams without worrying about day-to-day finances. Our student lines of credit are designed to help you cover tuition fees, books, and living expenses. Enjoy low-interest rates, flexible repayment options, and peace of mind knowing that your education is financially supported.

Key Benefits of Lines of Credit

Choosing Newfoundland and Labrador Bank for your line of credit comes with numerous advantages:

• Revolving credit limit: Borrow, repay, and borrow again up to your approved limit.
• Interest-only payments: Pay interest only on the amount you use.
• Flexible access: Withdraw funds anytime through online banking, ATMs, or in-branch.
• Competitive rates: Enjoy rates that make borrowing affordable.
• Personalized solutions: Credit limits and terms tailored to meet your financial goals.

At Newfoundland and Labrador Bank, we’re here to provide the financial flexibility you need to succeed in life or business. Explore our line of credit options today and discover a smarter way to manage your finances.