Financing

A line of credit lets you enjoy ongoing approval to borrow funds up to a pre-established limit as often as you’d like.

It’s readily available cash that can be accessed for a variety of purposes at any time. Use it for travel emergencies, car repairs, or one-time bargains. A line of credit also protects your linked chequing account from overdrafting or from cheques being returned because of inadequate funds.

As just one example of how a line of credit could benefit you, some homeowners are able to fund $20,000 projects with payments as low as $110 per month.

Features:

• Rates as low as prime + 3.5%*
• The cost of borrowing is low. Pay a variable interest rate based on our prime rate and only on the amount you borrow.
• Repayment is flexible, with the option to make only the required minimum monthly interest payments on the outstanding balance, or more — all the way up to the entire balance.
• Access your funds easily by using your ATB customer card, cheque, in-branch cash withdrawal,or transferring funds through ATB Online, ATB Mobile, or telephone banking.
• It’s yours for as long as you need it. You only have to apply for it once, and when you pay off your line of credit, it automatically renews itself, allowing you to access the money whenever you need it.