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What can I use a line of credit for?

Use the funds for whatever you want!

Business start up and growth
Grow your business to another level
Purchase property or your next home
Buy a new home or purchase a property
Establish emergency funds for when you need it
Create an emergency fund or support a family member
Invest strategically and make the most of your savings
Build your wealth and reach your financial goals faster

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 businesse. 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



WealthONE Prime Rate


WealthONE Secured Line of Credit Base Rate

Rates effective 2023-1-27

Getting started is easy

Choose the option that works best for you:

Insurance and financial advisors
Become a partner

Insurance and financial advisors: partner with us

If you’re looking for that unique financial institution that will see your client’s story beyond the numbers on the paper, consider WealthONE as your lending partner.

Your new lending partner is WealthONE Bank of Canada
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We're here to help
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:
  • English
  • 国语
  • 粤语

Buy an investment property with the help of a WealthONE mortgage.

Buy your next home or property

Find flexible mortgage options tailored to your purchasing needs for residential and multi-door investment properties.

* 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.