{"id":758788,"date":"2019-01-06T22:33:25","date_gmt":"2019-01-07T03:33:25","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=758788"},"modified":"2026-06-01T09:45:08","modified_gmt":"2026-06-01T13:45:08","slug":"line-of-credit","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/line-of-credit","title":{"rendered":"Line of Credit Interest Rates in Canada in 2026"},"content":{"rendered":"

Shopping around for the best line of credit rates in Canada can save you money every time you draw on your credit line. We\u2019ve spent hours gathering line of credit interest rates from banks, credit unions and other financial institutions across Canada to help you easily compare your options.<\/p>

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What is the average line of credit interest rate in Canada?<\/h3>

The average line of credit interest rate is 7.94% <\/strong>for unsecured lines of credit and 4.07% <\/strong>for secured lines of credit, according to Statistics Canada. The rate you\u2019ll get will depend on personal factors, such as your credit score, income and existing debts. You can either get a fixed rate or a variable rate.<\/p><\/div><\/div><\/div><\/article>

Compare the current line of credit interest rates in Canada<\/h3>

Banks, credit unions and online lenders offer lines of credit in Canada. Check the table below to compare current line of credit interest rates across a range of lenders.<\/p>
Provider<\/th>Interest rate<\/th>Interest rate type<\/th>Loan amounts<\/th><\/th><\/tr><\/thead>
Loans Canada<\/strong> Personal Line of Credit<\/strong><\/td>8.99% - 35.00%<\/span><\/td>Fixed<\/td>$5,000 \u2013 $35,000<\/td>
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LoanConnect Personal Line of Credit <\/strong><\/p><\/td>

8.99% - 35.00%<\/span><\/td>Fixed<\/td>$500 \u2013 $60,000<\/td>
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Nyble Credit Line (Unsecured)<\/strong><\/p><\/td>

0%<\/span><\/td>Fixed<\/td>$30 \u2013 $250<\/td>
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MogoMini Line of Credit (Unsecured)<\/strong><\/p><\/td>

34.37%<\/span><\/td>Fixed<\/td>$300 \u2013 $5,000<\/td>
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Fora Line of Credit (Unsecured)<\/strong><\/td>19.90% - 34.90%<\/span><\/td>Fixed<\/td>$1,000 \u2013 $15,000<\/td>
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FirstOntario Line of Credit (Unsecured)<\/strong><\/p><\/td>

From 7.49% <\/span><\/td>Not stated<\/td>Varies<\/td><\/td><\/tr>

FirstOntario Line of Credit (Secured)<\/strong><\/p><\/td>

From 6.49%<\/span><\/td>Not stated<\/td>Varies<\/td><\/td><\/tr>

Desjardins Personal Line of Credit (Unsecured)<\/strong><\/p><\/td>

$500 - $4,999: 11.45%
$5,000 - $25,000: 10.45%
$25,001+: Contact lender<\/span><\/td>		Variable<\/td>Varies<\/td><\/td><\/tr>

SCU Personal Line of Credit (Secured or Unsecured)<\/strong><\/p><\/td>

From 5.45%<\/span><\/td>Not stated<\/td>From $5,000<\/td><\/td><\/tr>

CIBC Personal Line of Credit (Unsecured)<\/strong><\/p><\/td>

4.45% + amount that varies based on your financial situation<\/span><\/td>Variable<\/td>From $5,000<\/td>
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CIBC Personal Line of Credit (Secured)<\/strong><\/p><\/td>

From 4.45% (introductory rate)<\/span><\/td>Variable<\/td>From $10,000<\/td>
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National Bank Integrated Line of Credit<\/strong><\/p><\/td>

11.45%<\/span><\/td>Variable<\/td>$500 \u2013 $4,999<\/td>
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National Bank Personal Flex Line<\/strong><\/p><\/td>

Varies<\/td>Variable<\/td>From $5,000<\/td>
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Manulife Bank Access Line of Credit (Secured)<\/strong><\/p><\/td>

From 5.45%<\/span><\/td>Not stated<\/td>$25,000 \u2013 $1,000,000 or more<\/td><\/td><\/tr>
TD Personal Line of Credit<\/strong><\/td>Varies<\/td>Fixed or variable<\/td>$5,000 \u2013 $50,000<\/td>
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TD Investment Secured Line of Credit<\/strong><\/td>Varies<\/td>Variable<\/td>Percentage of your portfolio<\/td>
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BMO Personal Line of Credit (Secured)<\/strong><\/p><\/td>

4.45% + amount that varies based on your financial situation <\/span><\/td>Variable<\/td>From $2,000<\/td>
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BMO Personal Line of Credit (Unsecured)<\/strong><\/p><\/td>

4.45% + amount that varies based on your financial situation <\/span><\/td>Variable<\/td>$2,000 \u2013 $25,000<\/td>
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RBC Royal Credit Line (Unsecured)<\/strong><\/p><\/td>

4.45% + amount that varies based on your financial situation <\/span><\/td>Variable<\/td>From $5,000<\/td>
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RBC Royal Credit Line (Secured)<\/strong><\/p><\/td>

4.45% + amount that varies based on your financial situation <\/span><\/td>Variable<\/td>$5,000 \u2013 65% of value of collateral<\/td>
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ScotiaLine Personal Line of Credit<\/strong><\/p><\/td>

Varies<\/td>Variable<\/td>$5,000 \u2013 $75,000<\/td><\/td><\/tr>

ATB Personal Line of Credit (Unsecured)<\/strong><\/p><\/td>

4.45% + amount that varies based on your financial situation <\/span><\/td>Variable<\/td>$5,000 \u2013 $50,000<\/td>
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ATB Personal Line of Credit (Secured)<\/strong><\/p><\/td>

4.45% + amount that varies based on your financial situation <\/span><\/td>Variable<\/td>From $5,000<\/td>
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Vancity Personaline Line of Credit (Unsecured)<\/strong><\/p><\/td>

17.75% <\/span><\/td>Not stated<\/td>$500 \u2013 $5,000<\/td>
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Vancity Creditline Line of Credit (Secured or Unsecured)<\/strong><\/p><\/td>

Varies<\/td>Variable<\/td>From $5,000<\/td>
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Meridian Line of Credit (Unsecured)<\/strong><\/p><\/td>

Varies<\/td>Variable<\/td>Varies<\/td>
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Prospera Revolving Line of Credit<\/strong><\/p><\/td>

4.70% + amount that varies based on your financial situation <\/span><\/td>Variable<\/td>From $5,000<\/td><\/td><\/tr>

Innovation Federal Credit Union <\/strong><\/p><\/td>

5.95% \u2013 14.99%<\/td>Variable<\/td>$5,000 \u2013 $50,000+<\/td>
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DUCA Line of Credit (Secured)<\/strong><\/p><\/td>

From 4.95%<\/td>Variable<\/td>Varies<\/td><\/td><\/tr>

BEEM Credit Union (Secured)<\/strong><\/p><\/td>

From 4.95%<\/td>Variable<\/td>Varies<\/td><\/td><\/tr><\/tbody><\/table>
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\nRelated: <\/span>Student lines of credit<\/a>\n<\/div>\n<\/article>

Compare RRSP line of credit interest rates<\/h3>

Some lenders also offer lines of credit for people who want to make the maximum annual contribution to their RRSP. Check the table below for current RRSP line of credit interest rates.<\/p>
Provider<\/th>Interest rate<\/th>Interest rate type<\/th>Loan amounts<\/th><\/th><\/tr><\/thead>

Scotia RSP Catch-Up Line of Credit<\/strong><\/p><\/td>

Prime + 1%<\/span><\/td>Variable<\/td>$1,000 \u2013 $75,000<\/td><\/td><\/tr>

TD RSP Line of Credit<\/strong><\/p><\/td>

Varies<\/td>Fixed or variable<\/td>Up to $50,000<\/td>
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BMO RRSP ReadiLine<\/strong><\/p><\/td>

Varies<\/td>Variable<\/td>Varies<\/td>
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Key takeaways<\/h3>\n <\/div>\n\n