Updated Oct 20, 2026

Every Canadian line of credit, in one place.

45 options from 11 banks, pulled from each bank's own site. Prime is 4.45% today.

45 options
  • RBC Royal Credit Line for Students — Undergraduate, General and Graduate Programs

    For students in university undergraduate or non-professional graduate programs, college or trade school; limits start at $5,000, interest is charged only on amounts used, and principal repayment begins after studies and a 24-month post-graduation grace period.

    Rate
    2.9%
    How it's set
    starting rate, up to 11.9%
    Up to
    11.9%
    Annual fee
    Not listed
    Type
    Student
    Bank
    RBC
  • Medical or Dental Student Line of Credit

    For eligible medical and dental students, this line of credit offers enhanced borrowing capacity of up to $400,000, access during residency or specialty studies, BMO Prime minus 0.25% while in school, no annual or monthly fees, and extended interest-only repayment periods.

    Rate
    4.2%
    How it's set
    prime − 0.25%, not confirmed
    Annual fee
    No fee
    Type
    Student
    Bank
    BMO
  • Professional Student Line of Credit

    For eligible graduate and professional students, this line of credit offers program-dependent limits and rates ranging from BMO Prime minus 0.25% to Prime plus 0.5%, with no annual or monthly fees and interest-only payments during school and for two years after graduation.

    Rate
    4.2%
    How it's set
    prime − 0.25%, not confirmed
    Annual fee
    No fee
    Type
    Student
    Bank
    BMO
  • CIBC Professional Edge Student Program

    For students in eligible professional programs, with open-ended access and program-specific limits up to $400,000, advertised margins ranging from CIBC Prime minus 0.25% for medicine, dentistry and optometry to CIBC Prime plus 1% for several other programs, plus interest-only payments during school and for a post-graduation period.

    Rate
    4.2%
    How it's set
    prime − 0.25%, not confirmed
    Annual fee
    Not listed
    Type
    Student
    Bank
    CIBC
  • Student Line of Credit

    For eligible full- or part-time Canadian citizen or permanent-resident students living in Quebec or Ontario, including professional and graduate students; rates range from 4.20% to 5.45% depending on field and level of study, with interest-only payments while studying, up to 12 months before principal repayment, and no membership fees.

    Rate
    4.2%
    How it's set
    starting rate, up to 5.45%
    Up to
    5.45%
    Annual fee
    No fee
    Type
    Student
    Bank
    Desjardins
  • RBC Medical/Dental Royal Credit Line for Students and Residents

    For eligible medical and dental students and residents; students can borrow up to $400,000 with up to $100,000 accessible in the first year, residents up to $425,000, the preferred rate is RBC Prime − 0.25% for Healthcare Advantage clients, and there are no application or annual fees.

    Rate
    4.2%
    How it's set
    prime − 0.25%
    Annual fee
    No fee
    Type
    Student
    Bank
    RBC
  • Scotia Professional Student Plan Line of Credit

    For students in eligible professional programs such as medicine and other qualifying advanced programs; offers up to $400,000, no payments while in school under applicable terms, up to 24 months of post-program grace, no monthly or annual fees, and an advertised medical-student rate of Prime − 0.25%.

    Rate
    4.2%
    How it's set
    prime − 0.25%, not confirmed
    Annual fee
    No fee
    Type
    Student
    Bank
    Scotiabank
  • TD Medical, Dental & Veterinary Student Line of Credit

    For medical, dental and veterinary students; offers an advertised rate of TD Prime − 0.25%, limits up to $400,000 depending on program, interest-only payments during school and residency, and no principal payments until 24 months after leaving school or residency.

    Rate
    4.2%
    How it's set
    prime − 0.25%, not confirmed
    Annual fee
    Not listed
    Type
    Student
    Bank
    TD
  • TD Professional Student Line of Credit

    For graduate and professional students in programs such as master's, PhD, MBA, law, pharmacy, optometry, chiropractic and naturopathy; advertised pricing ranges from TD Prime to TD Prime + 0.50%, with program-specific limits up to $175,000 and interest-only payments while studying and for 24 months afterward.

    Rate
    4.45%
    How it's set
    prime + 0%, not confirmed
    Annual fee
    Not listed
    Type
    Student
    Bank
    TD
  • TD Student Line of Credit — College and Undergraduate

    For full- or part-time college, certificate, diploma or undergraduate students; offers up to $20,000 per year and $80,000 total, with advertised rates ranging from TD Prime to TD Prime + 1.50%, interest-only payments while studying and no principal payments until 24 months after leaving school.

    Rate
    4.45%
    How it's set
    prime + 0%, not confirmed
    Annual fee
    Not listed
    Type
    Student
    Bank
    TD
  • Student Line of Credit

    For eligible post-secondary students, this line of credit provides up to $20,000 per year and $80,000 over four years at BMO Prime plus 0.5% while in school, with no annual or monthly fees and interest-only payments during school and for two years afterward.

    Rate
    4.95%
    How it's set
    prime + 0.5%, not confirmed
    Annual fee
    No fee
    Type
    Student
    Bank
    BMO
  • RBC Homeline Plan — Home Equity Line of Credit

    For homeowners seeking revolving credit secured by home equity; the plan combines an RBC mortgage with a Royal Credit Line, allows borrowing up to 80% of the home’s value subject to conditions, and RBC’s calculator advertises the line-of-credit portion at Prime + 0.50%.

    Rate
    4.95%
    How it's set
    prime + 0.5%, not confirmed
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    RBC
  • ScotiaLine Personal Line of Credit for Students

    For eligible domestic and international post-secondary students financing tuition, books, housing and other expenses; the advertised rate is Scotiabank Prime + 0.50%, with interest-only payments while studying, a 12-month principal-payment grace period after studies, and no annual fee.

    Rate
    4.95%
    How it's set
    prime + 0.5%
    Annual fee
    No fee
    Type
    Student
    Bank
    Scotiabank
  • Equity Line of Credit

    For homeowners borrowing against home equity; the advertised minimum rate is 5.45%, the minimum new credit limit is $25,000, and repayment can be interest-only, percentage-of-balance, or fixed payments.

    Rate
    5.45%
    How it's set
    starting rate, not confirmed
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    Laurentian Bank
  • All-In-One Home Equity Line of Credit

    A HELOC secured by home equity that can finance a home purchase and make repaid principal reusable, with the line-of-credit portion priced at prime plus 1% and a $7 monthly fee per account.

    Rate
    5.45%
    How it's set
    prime + 1%
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    National Bank
  • Line of Credit on a Second Home

    A line of credit secured by a first mortgage on a second home, priced at prime plus 1%; National Bank lists it as a separate personal lending option.

    Rate
    5.45%
    How it's set
    prime + 1%, not confirmed
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    National Bank
  • RRSP Line of Credit

    A line of credit of at least $5,000 for making RRSP contributions, allowing interest-only payments while awaiting a tax refund and priced at prime plus 1%.

    Rate
    5.45%
    How it's set
    prime + 1%
    Annual fee
    Not listed
    Type
    Other
    Bank
    National Bank
  • Student Line of Credit

    For Canadian full-time or part-time post-secondary students, it provides reusable financing with interest-only payments while studying and principal repayment after employment or within 12 months after studies; the advertised rate is prime plus 1% and there are no management fees.

    Rate
    5.45%
    How it's set
    prime + 1%, not confirmed
    Annual fee
    No fee
    Type
    Student
    Bank
    National Bank
  • Scotia RSP Catch-Up Line of Credit

    For customers borrowing to maximize current or unused RRSP contribution room; funds must be directed to an RRSP, the advertised rate is Prime + 1%, credit limits range from $1,000 to $75,000, up to three monthly payments may be deferred, and there is no annual fee.

    Rate
    5.45%
    How it's set
    prime + 1%
    Annual fee
    No fee
    Type
    Unsecured
    Bank
    Scotiabank
  • Home Equity Line of Credit

    For homeowners seeking secured revolving credit using equity in a primary residence, advertised at 5.95% annually with online access, reusable funds, and fixed repayment plans; the agreement ultimately expresses the rate as Tangerine Prime plus or minus an adjustment factor.

    Rate
    5.95%
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    Tangerine
  • Home Trust Equityline Visa

    For Canadian homeowners seeking revolving access to home equity, this mortgage-secured Visa provides $20,000–$1,000,000 in credit, has no annual fee or prepayment penalty when paid in full, and is unavailable in Quebec.

    Rate
    6.99%
    How it's set
    starting rate, up to 13.99%
    Up to
    13.99%
    Annual fee
    No fee
    Type
    Home equity
    Bank
    Home Trust
  • Integrated Line of Credit

    An unsecured line of credit for $500 to $5,000, available with The Total chequing account, priced at prime plus 7% with no management fee.

    Rate
    11.45%
    How it's set
    prime + 7%
    Annual fee
    No fee
    Type
    Unsecured
    Bank
    National Bank
  • Homeowner ReadiLine

    For people buying or refinancing a home who want both mortgage financing and a revolving HELOC, this product can provide total borrowing up to 80% of the home’s value, with the revolving portion generally capped at 65% and its available limit increasing as the mortgage is repaid.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    BMO
  • Homeowner’s Line of Credit

    For homeowners undertaking larger projects, this revolving HELOC starts at $5,000, allows borrowing up to 65% of the home’s value, and generally requires interest-only minimum payments.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    BMO
  • Personal Line of Credit

    For general-purpose borrowing and emergencies, this reusable unsecured line of credit starts at $2,000, offers borrowing up to $25,000 for eligible BMO customers, and requires minimum monthly payments of 2% of the balance or $50, whichever is greater.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Unsecured
    Bank
    BMO
  • RRSP ReadiLine

    For investors making recurring RRSP contributions, this ongoing revolving loan can be reused year after year up to the unused RRSP contribution limit, with interest charged only on the amount borrowed.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Other
    Bank
    BMO
  • CIBC Education Line of Credit

    For full- or part-time students at accredited Canadian universities, colleges or trade schools, offering access for tuition, books and living expenses, up to $80,000 overall, interest-only payments while studying and for up to 12 months after graduation, and conversion to a loan or continued line-of-credit repayment afterward.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Student
    Bank
    CIBC
  • CIBC Home Power Plan Line of Credit

    For homeowners seeking ongoing borrowing for renovations, vehicles, major purchases or debt consolidation; it is an open, variable-rate line secured by home equity, with interest charged only on funds used, flexible repayment options and a $10,000 minimum borrowing amount.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    CIBC
  • CIBC Personal Line of Credit

    For general personal borrowing such as renovations, vehicle purchases, everyday spending or debt consolidation; it is an open, variable-rate line with no collateral required, lending from $5,000 and up, interest charged only on amounts used, and no penalty for repayment.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Unsecured
    Bank
    CIBC
  • Personal Line of Credit

    For personal expenses, purchases, emergencies and other goals; provides reusable credit with interest calculated daily only on the amount used, monthly interest payments required, and principal repayable at any time without penalty.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Unsecured
    Bank
    Desjardins
  • Versatile Line of Credit

    For owner-occupants buying or refinancing a home with at least 20% equity or down payment; combines a home equity line of credit priced at prime plus or minus a borrower-specific spread with optional tied loans, and generally requires a property of four units or fewer.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    Desjardins
  • Personal Line of Credit

    For general personal borrowing such as unexpected expenses, projects, vacations, or debt consolidation; minimum amount is $1,500, interest applies only to funds used, and the variable rate follows Laurentian Bank’s line-of-credit base rate.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Unsecured
    Bank
    Laurentian Bank
  • Student Line of Credit

    For CEGEP, undergraduate, graduate, and specialized-program students; financing starts at $1,500, only monthly interest is payable while studying, and the variable rate follows Laurentian Bank’s line-of-credit base rate.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Student
    Bank
    Laurentian Bank
  • Personal Flex Line

    An unsecured personal line of credit for one-time expenses of $5,000 or more, with a variable rate determined by credit history and authorized limit; rates are available from an advisor.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Unsecured
    Bank
    National Bank
  • RBC Royal Credit Line — Unsecured Personal Line of Credit

    For personal borrowing such as unexpected expenses, debt consolidation or cash-flow management; unsecured limits start at $5,000, interest is variable and based on RBC Prime, and you pay interest only on the amount used.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Unsecured
    Bank
    RBC
  • RBC Royal Credit Line for Students — Professional Studies

    For students in eligible professional graduate or specialized health-sciences programs such as law, MBA, pharmacy, physiotherapy and veterinary medicine; credit limits vary by program, rates are based on RBC Prime, and repayment terms include a 24-month post-graduation grace period.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Student
    Bank
    RBC
  • Scotia Investment Management Line of Credit

    For eligible investment-management or private-banking clients borrowing against pledged investment assets; Scotiabank describes it as an investment-backed line of credit whose adjustment factor and fees are determined for the individual account, with collateral requirements applying.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Other
    Bank
    Scotiabank
  • ScotiaLine Personal Line of Credit

    For personal borrowing, balance transfers, emergencies and other flexible needs; offers credit limits from $5,000 to $75,000, revolving access, flexible repayment that may be as low as interest-only, and no annual fee.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    No fee
    Type
    Unsecured
    Bank
    Scotiabank
  • ScotiaLine Personal Line of Credit (STEP)

    For Scotia Total Equity Plan customers seeking secured, home-equity-backed borrowing; offers limits up to $1,500,000, or up to $500,000 with a Visa access card, borrowing of up to 65% of home value, flexible payments potentially as low as interest-only, and no prepayment penalty.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    Scotiabank
  • Simplii Financial Personal Line of Credit

    For eligible Canadian residents outside Quebec seeking flexible unsecured borrowing; interest is charged only on amounts used, the minimum payment is the greater of $50 or 2% of the outstanding balance, and the minimum borrowing amount is $5,000.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    No fee
    Type
    Unsecured
    Bank
    Simplii
  • Simplii Financial Secured Line of Credit

    For homeowners seeking a revolving line of credit secured by home equity, with access to funds through cheques and ATM withdrawals, interest charged only on amounts used, and interest-only monthly payment options; setup fees may apply.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    Simplii
  • Personal Line of Credit

    For Canadian permanent residents of age of majority who need flexible, reusable unsecured credit for personal expenses, with borrowing up to $30,000, a variable rate based on Tangerine Prime plus an undisclosed adjustment factor, and no annual or monthly fee.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    No fee
    Type
    Unsecured
    Bank
    Tangerine
  • TD Home Equity FlexLine

    For homeowners borrowing against home equity for renovations, debt consolidation, major purchases or other needs; includes a reusable revolving portion based on TD Prime, optional fixed or variable term portions, and borrowing of up to 80% of the home's value subject to approval.

    Rate
    Not listed
    How it's set
    starting rate
    Up to
    6.15%
    Annual fee
    Not listed
    Type
    Home equity
    Bank
    TD
  • TD Personal Line of Credit

    For personal borrowing needs such as unexpected expenses, debt consolidation and larger purchases; provides reusable credit from $5,000, with a variable rate based on TD Prime and an option to fix all or part of the balance.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Unsecured
    Bank
    TD
  • TD Personal Line of Credit (Investment Secured)

    For borrowers who can pledge eligible TD investments as collateral to potentially obtain a lower rate than an unsecured line of credit; available credit depends on the eligible investment and lending assessment.

    Rate
    Not listed
    How it's set
    starting rate
    Annual fee
    Not listed
    Type
    Other
    Bank
    TD

Advertised rates only. Your rate depends on your credit, so check the bank's page before you apply.

Browse by bank

BMOCIBCDesjardinsHome TrustLaurentian BankNational BankRBCScotiabankSimpliiTDTangerine

How lines of credit work in Canada

A line of credit lets you borrow up to a limit and pay interest only on what you use. Most Canadian lines of credit are priced at the prime rate plus a margin. Compare unsecured, home equity (HELOC) and student lines of credit from Canadian banks.

What is a good line of credit rate in Canada?

Unsecured lines of credit are usually prime plus a few percent. Home equity lines of credit are lower because your home secures them. Your exact rate depends on your credit.

Can I use a line of credit to pay off a credit card?

Yes. Moving a credit card balance to a lower-rate line of credit is a common way to pay less interest. Use the payoff calculator to see how much you would keep.

What is the difference between a line of credit and a loan?

A loan gives you a fixed amount with fixed payments. A line of credit lets you borrow, repay and borrow again up to your limit, usually at a variable rate.

GoPayoff shows rates each bank advertises. It isn't financial advice, and your rate depends on approval. We use analytics cookies to improve the site.