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Line of Credit
A line of credit loan is a pre-arranged and approved loan that allows you to borrow up to a pre-determined amount without arranging for individual loans. Features include:
- Variable interest rate
- Pre-determined credit limit
- Instant access to cash by cheque, global payment card or personal withdrawal
- Interest charged monthly only on the amount you have borrowed
- Interest calculated on daily outstanding balance
Check with individual Credit Unions for product availability.
