Loans & Lines of Credit
No matter the goal, we're here to help you find the right financial solution with our flexible borrowing options.
Ready to take control of your finances?
No matter the goal, we're here to help you find the right financial solution with our flexible borrowing options.
- Borrow up to $25,000
- Loan repayment term of 5 years
- Local approvals
- Insure your loan and receive a rate discount*
Terms and Conditions
*Offer available until March 31, 2025. Some conditions apply upon approval. Maximum loan amount of $25,000 with no fees, fixed interestrate of 7.49% compounded monthly, over a 60-month term. Monthly payments of $500.83 per month which can be paid at any time with nopenalty. Rates subject to change without notice.
Explore our personal lending solutions
Personal Loans
A personal loan can help fund a major purchase, pay for education, or consolidate high interest rate debt - the choice is yours.
Features and benefits
- Terms from 1-5 or 7 years
- Choose weekly, bi-weekly, semi-monthly or monthly payment schedule options
- Repay whole or part of the loan at any time without penalty
- Competitive rates
- Quick, local approvals
Investment Loans
Maximize your annual RRSP or TFSA contribution or catch up on unused contribution room with an investment loan.
Features and benefits
Short-Term Loans
- Minimum amount $5,000
- No maximum
- 1-5 year amortization
- Fixed interest rate of Prime - 1%
- Repay whole or part of the loan at any time with no penalty
Lines of Credit
Life can be unpredictable, have peace of mind knowing that money is available at any time through a line of credit attached to your account.
Features and benefits
- Only pay interest on the funds you use
- Attached to your chequing account, providing overdraft protection
- As you pay the line off, the money is available again
- Competitive rates
- Local approvals
- Interest is calculated and debited from the account on the last business day of each month
- Deposit to the account of an amount equal to or greater than the previous month's interest charge is required by the 27th day of the month
Student line of credit*
- Prime + 1%
- Pay interest only while in school
- 12-month grace period
- No min. or max. amount
*For post secondary students with a minimum of 60% course load
EnergySave Loans
Finance your green home upgrade with affordable rates and flexible payment terms.
Features and benefits
- Loan amounts starting at $3,500
- Prime + 0.75%*
- Terms up to 10 years
Eligible Upgrades
- Insulation
- Energy efficient windows and doors
- Heat pumps and energy efficient furnaces
- Solar panels
Want to make sure your project qualifies?
Contact us
Try our loan calculator
Find out how much home you can afford with different terms and payments.
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Check out our competitive rates
Explore our competitive rates based on Northern Savings’ Prime rate.
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Need help getting started?
Our team of local lending experts can answer your questions.
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