bowvalleycu - Loans

Personal Loan

Perfect for making a major purchase, like a vehicle. A personal loan can be secured with a deposit or an asset. A personal loan is perfect if you:

Want to borrow for a specific purchase or expense
Prefer to make a fixed payment every month
Want to pay the loan off over a predetermined period

RRSP Loan

An RRSP loan can help you maximizing your RRSP contribution each year, allowing you to enjoy tax advantages while saving for your future.

Maximize the year's contribution, or take advantage of unused carry forward amounts
Maximize your savings income
Increase your retirement income with a deposit or an asset

Personal LOC/ Emergency Fun

This is a good option if you want or need ongoing access to funds; you only pay interest on what you borrow.

Want credit available for any needs or emergencies
Are comfortable with a variable interest rate that may change from month to month

HELOC (Home Equity)

A home equity line of credit, sometimes referred to as a “secured line of credit,” is secured by the equity in your home. A secured line of credit is perfect if you:

Own and have equity in your home
Want ongoing access to funds and payments only on what you borrow
Want access to funds for larger expenses, like home renovations

Student Line of Credit

BVCU wants to help you invest in your future with financing options to help cover the costs of post-secondary education for full-time students in universities, colleges, and apprenticeship programs. Borrow only the amount they need when they need it up to $7,500 a year up to 3 years.