Borrowing

Lines of Credit

A line of credit works like a credit card limit attached to a bank account. You can access it at any time.

​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.

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.

Need help?

Our Client Care team will be happy to assist.