Interac e-Transfer® services will be unavailable from September 26 at 11:00pm to September 27 at 6:30am for scheduled maintenance. We apologize for any inconvenience.
Loans & Lines of Credit
Home Plus Plan
Use the value of your home to make your dream renovation come
The Home Plus Plan is a loan program that allows our members to leverage the equity in their home to turn the space you have into the cozy home you’re dreaming of.
Apply just once to establish your Home Plus Plan initial credit limit and secure your borrowing with a minimum 20% equity in your home.
Information to know before applying
Variable interest rate
Borrow up to 80% of your home’s current appraised value and can potentially save on borrowing costs for as long as you own your home
Manage repayment options by separating available credit into different sub-loans
Choose from a range of loan products that meet your needs
Upon request, all or a portion of repaid amounts may be re-advanced
You can choose to pay interest only from the revolving credit loan, which is due monthly
No prepayment penalty on the revolving credit loan
Sub-loan payments will be set at time of loan approval
Sub-loan may be subject to a prepayment penalty