* All rates are per annum and are subject to change without notice.
** Consult your financial advisor to discuss your unique tax situation and the tax-free benefits of a CSV Line of Credit. All applications are subject to customers meeting WealthONE credit granting criteria. Terms and conditions are subject to change without prior notice.
Application fees may apply.
What can I use a line of credit for?
Use the funds for whatever you want!
Grow your business to another level
Buy a new home or purchase a property
Create an emergency fund or support a family member
Build your wealth and reach your financial goals faster
Borrow
WealthONE CSV Line of Credit
Also called a Participating Life Insurance CSV Line of Credit. Life Insurance policies with a cash value component are both a valuable asset and a powerful financial tool for individuals and businesses. Use it as collateral for a line of credit without interrupting the growth of your policy.
Features and Benefits
- Borrow up to 90% of the cash surrender value of your policy
- Policy can be individually or corporate-owned
- Total flexibility: use more than one policy or combine your personal and corporate participating life insurance policies together
- Access cash that’s tax-free** and keep your policy intact
- Available to residents of Canada
- Policies issued by major Canadian providers
Rates
7.20%
WealthONE Prime Rate
6.95%
WealthONE Secured Line of Credit Base Rate
Rates effective 2023-1-27
Getting started is easy
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We understand your unique situation, whether you’re a newcomer to Canada, self-employed, or you’re looking for a special banking solution.We offer service in:
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WealthONE Bank of Canada is a Member of the Canada Deposit Insurance Corporation (CDIC). Your deposits are eligible for CDIC insurance.
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