Personal Loans and Credit
Whether you’re thinking about buying a home, taking a vacation, or paying off your bills, Lake View Credit Union is here for you. We understand that you need to live life today and we’re here to customize a plan to get you where you need to be. We have the products and services to get you to your life goals and our knowledgeable employees can offer advice and solutions that work for you.
- A pre-arranged line of credit makes cash available simply by writing a cheque or by making a withdrawal in person, through the ATM or with Direct Payment.
- A pre-approved personal loan gives you the control to negotiate the best price on that new car without being limited to certain models or terms on your financing. You’ll know before you start looking what you’re willing to pay and for how long.
If you have any questions or would like to discuss financing options that work for you, please visit the location nearest you.
Home Equity Loans
Use the equity in your home to get the financial freedom you require. Make those necessary home renovations, do some well-deserved traveling, pay off high-interest debts, or use it towards whatever lifestyle goals you may have in mind.
- Saves you money with a lower interest rate
- You get peace of mind with life, disability, and critical illness insurance
- Your security will normally be your principal residence
- You can get a loan up to 75% of property’s value
- Choose between fixed or floating rate
- All relative costs, i.e. legal, appraisal, etc. can be added to loan amount in many cases
- You can choose weekly, bi-weekly, semi-monthly, or monthly repayment schedules
- Take up to 25 years to repay
- Choose a Term – from 1 to 5 years
Home Equity Line of Credit
A line of credit provides you with security in knowing funds are available any time you need them. The amount you will qualify for is based on a percentage of the value of your home, less any outstanding mortgages. To find out how large a line of credit you can receive, click the link below:
Go to calculator
Personal Loans
A personal loan is a convenient solution to get the things you want and need, or to consolidate debts into one low payment.
- Your choice of weekly, bi-weekly, semi-monthly or monthly payments
- There’s no penalty for extra payments or early repayment
- You can make extra payments any time, in any amount, and as often as you wish
- Check your balance on your monthly statement
- We’ll offer you a competitive variable or fixed interest rate
- Credit life, disability, and critical illness insurance are available
Enhanced Loan Calculator
Use this calculator to look at a variety of possible loans. Use the slider controls to change your monthly payment, loan amount, interest rate or term. Press the ‘View Report’ button to see a complete amortization schedule, either by month or by year.
Go to calculator
Complex Loan Calculator
Use this calculator to determine your payment or loan amount for different payment frequencies. You can make payments weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. You can then examine your results by payment, total of all payments made, and total interest paid.
Go to calculator
Line of Credit
A Line of Credit (LOC) maximizes your purchasing power. It ensures access to funds when needed without waiting or arranging for a personal loan. It’s great for personal emergencies, car repairs, major home appliances, investment opportunities, education, RRSPs and more. Rates are usually significantly lower than retail credit cards, so paying off credit card balances in full each month with a LOC can reduce overall borrowing costs.
- You control your own credit
- Funds are accessible by personal cheque, or cash withdrawal
- Competitive interest rate
- Flexible payment schedules
- You pay interest only on amount of funds used
- Credit life, disability and critical illness insurance are available
Vehicle Loans
Take the smart course – before visiting the dealership, arrange a pre-approved car loan at Lake View Credit Union. A pre-approved loan puts you in the driver’s seat when negotiating price or comparing lease agreements. When comparing, remember to ask about making extra payments, loan insurance and the cost of borrowing. With the right information you can make the decision that best fits your lifestyle. You can use a pre-approved loan for used and new cars, trucks, boats or recreational vehicles. Ask about our special new vehicle loan rates.
- Flexible repayment terms
- Weekly, bi-weekly, semi-monthly, or monthly payments
- No penalty for extra payments or early repayment
- Credit life, disability, and critical illness insurance available
- Competitive rates
- Special rates for new vehicle loans
- Special rates and longer amortizations for hybrid vehicle loans
Classic Powerline
For your next restoration project, get the flexibility of our Classic Powerline. Imagine your next labour of
love with the backing of our Classic Powerline.
You could qualify for a Line of Credit from $10,000 to $25,000 or more, with rates so close to prime you’ll think we’re kidding. And with payments as low as 5% of your balance each month, you can afford to get the resto-mod of your dreams. Are you ready?
Classic Powerline Brochure
“No Hassle Tassle” Student Financing
The journey to higher learning is a long one – and an expensive one. Lake View Credit Union wants you to reach high and realize your potential – and that’s why we’re offering you the “No Hassle Tassel” package!
The package includes:
- Student loan
- Student MasterCard
- Free World Student Account
- Mobile Banking
- “Uh-Oh” Card
- “Living Small in a Large World”
- Budget Book