Comparing Personal Loans and Lines of Credit
Whether you are renovating your home, preparing for your child’s education, or taking a much-needed vacation, we have a lending solution to fit your needs and your lifestyle.
Personal Loans
Ideal if you:
- Have a one-time borrowing need
- Want the option of a fixed or variable interest rate
- Are looking to repay the full amount of your loan by the end of a set period of time
- Would rather apply each time you want to borrow
Lines of Credit
Ideal if you:
- Have an ongoing borrowing need
- Want convenient and immediate access to the funds you have borrowed
- Only want to pay interest on the amount you have used
- Are looking to re-use available credit, without re-applying