Personal Line of Credit

Managing debt on your own terms

FirstOntario’s Personal Line of Credit is an unsecured line available for amounts over $5,000 to qualified Members.  Leverage your personal creditworthiness to access funds whenever you need them, for any purpose, without a new loan application each time.

You control the repayment schedule.  Pay interest only each month, or reduce the outstanding principal in lump sums at your convenience, with no prepayment penalties. Plus, you can re-advance funds up to your credit limit at any time.

Convenient access to cash when you need it

You can access your line of credit conveniently by transferring lump sums to your chequing account or set up an automatic ‘sweep’ in $50 increments whenever there’s a shortfall.  Then just use your debit card, a cheque or you can access the funds through online, mobile or telephone account services. Keep the line of credit in force year after year and there’s no monthly fee – if you don’t use it, you don’t pay a cent.

Optional life, disability and critical illness insurance are available to make sure you and your family are protected in the event of illness or death.

Let’s chat about our Personal Line of Credit. Find out how empowering it can be to be in control of your money.


Online Banking

Find Branch/ATM

Address, postal code or branch name