Personal Flex Line
Apply once for this flexible loan and pay only when you need to use the money. The Personal Flex Line is a line of credit that’s just like having a pre-approved loan at your disposal, with all the access privileges of a chequing account.
Being prepared for the unexpected is an important aspect of your financial security plan. The Personal Flex Line provides a low-cost way to access funds when you need them and helps you avoid a last-minute rush to find money when an unexpected need arises.
The Personal Flex Line helps you:
- Pay for unplanned expenses
- Consolidate other loans into one low rate
- Finance a large purchase
The Personal Flex Line is secured by your London Life segregated fund contract or Quadrus Group of Funds mutual fund investment. It gives you access to financing you need to fund special projects or emergencies without having to redeem your investments.
Features
You can access your Personal Flex Line just like a chequing account – with no monthly fee – seven days a week.
The Personal Flex Line has a number of attractive features:
- Loans from $5,000
- Variable interest rates
- Flexible payment options
- Free unlimited regular banking transactions including bill payments, transfers, pre-authorized withdrawals, Interac™ direct payment purchases and cash withdrawals at any National Bank or THE EXCHANGE® Network automated banking machines
- Monthly account statement
- Creditor life insurance available
Ready to open your Personal Flex Line?
Contact a financial security advisor and investment representative to find out if the Personal Flex Line is right for you. Or if you're already a Solutions Banking client, call
1-866-888-1379 to find out more.
* Mutual funds are available through Quadrus Investment Services Ltd.