How a line of credit can work for you.
Enjoy ultimate flexibility
There are typically no restrictions as to how you can use the funds you’ve been approved for. Use as little or as much as you like, when you like and only pay interest on any balance owing.
Rinse and repeat
As you repay the funds you borrowed, you’re able to “reuse” your personal line of credit as often as you like. No need to reapply.
Repay at your pace
Pay interest only on the amount you use each month. Repayment is flexible—as little as the required minimum monthly interest on the outstanding balance, or more with no penalty.
Find the line of credit that's right for you.
Flexible, convenient and available
ATB Flex Home Equity Line of CreditTM
Turn your home equity into a powerful tool for low-cost financing. As your mortgage gets paid down, your access to funds increases.
Leverage your existing assets
Home Equity Line of Credit (HELOC)
Put your home to work for you. With a preferred interest rate, redo your kitchen, build an addition or consolidate your debts.
Create a financial cushion
Personal Line of Credit
Set a limit and borrow at low interest—no running into overdrafts or scrambling for another form of payment while shopping.
Finance your undergrad degree
Students First Line of Credit
Borrow up to $60,000 (or $15K/year) at a low interest rate. Enjoy flexible repayment with a 12-month grace period post graduation.
Finance your trades apprenticeship
Apprenticeship Line of Credit
Unlike typical student loans, you can access your entire amount at once—funds become re-accessible as you pay down your balance.
Finance your professional studies
Professional Students Line of Credit
Get up to $350,000 in student financing with a preferred interest rate and flexible repayment schedule.
Peace of mind
Loan Protection
Take comfort in knowing the balance of your loan and line of credit is covered in the event of disability or death.
Frequently Asked Questions
Each line of credit available through ATB has different eligibility requirements based on factors like your established credit rating, the value of your home and your chosen institution of study. You can check to see if you qualify for a particular line of credit, or just discuss your credit options, by talking to one of our experts.
One basic question to ask yourself is why you need to borrow money. Is it to fund a one-time purchase, or to provide yourself with an ongoing financial buffer?
You can't re-borrow from a loan, while a line of credit has a limit you can draw from, repay, and draw from again. Interest rates will also vary between loans and lines of credit.
Talk to one of our experts. They’ll review your credit history and experience, as well as your short- and long-term financial goals to help you find the best borrowing option for you.