CIBC Personal Line of Credit
Get flexible access to funds for everyday expenses or big-ticket items, at interest rates lower than most credit cards.
A line of credit is for you if you want:
- Access to funds on an ongoing basis
- Flexible funds for home renovations, vehicle purchases, daily spending and even consolidating your higher interest debt
- To pay interest on what you borrow
- Competitive interest rates
Additional details:
- View your monthly eStatement in CIBC Online Banking®. Set up text or email alerts to notify you when a new eStatement is available
- Get 24-hour, no transaction fee access to your line of credit through CIBC Banking Centres and bank machines, as well as telephone, online and mobile banking
- Receive free personalized duplicate cheques
- Pay off all or part of the balance at any time without penalty
Unsecured vs. secured line of credit:
- Get access to credit with a quick approval process
- Ongoing access to funds for everyday purchases
- Lower interest rate on credit secured by your home or other assets
- Ongoing access to funds for larger purchases, debt consolidation or home renovations
Security required
Lending range
Optional features
Tools and resources
Get started
Lines of Credit
- Personal Line of Credit
- Home Power Plan Line of Credit
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Terms and conditions show or hide
Applicants must meet all CIBC lending criteria. Certain conditions and restrictions apply. Credit limit determined by CIBC, in its sole discretion. Products, their features and interest rates may change at any time. This is a general description only; for more information and product terms and conditions, consult product brochures or call CIBC at Opens your phone app. 1-866-525-8622 Opens your phone app. .
1 CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on your personal line of credit will change whenever CIBC Prime varies.
2 Underwritten by The Canada Life Assurance Company. A detailed summary of the terms, conditions, limitations, exclusions and other provisions are contained in your Certificate of Insurance, which you receive upon enrolment.
