Personal Borrowing
When it comes to borrowing money, our team has the knowledge and expertise to help you reach your goals.
Niverville CU loan payments are designed to suit you
Pay weekly, bi-weekly, or monthly. Once your minimum loan payment is set, make additional payments any time.
Personal Loans
Overview
Personal loans can be used for purchases including cars, furniture and appliances, recreational equipment, and more.
With lower rates than credit cards, personal loans are great for consolidating debts to lower monthly payments.
Interest rates depend on factors like the purpose of the loan, security taken, the term length, the degree of risk and the amount of business a client does with the financial institution.
Key Features
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Flexible term lengths
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Competitive fixed or variable interest rates
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Payments can be made weekly, bi-weekly, monthly, quarterly, semi-annually or annually
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Loans open to pre-payment or payoff at any time without penalty
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Life, disability and critical illness insurance available
Lines of Credit
Overview
A line of credit allows you to overdraw your chequing account within a pre-established limit to access money when you need it, to be used as you see fit.
The line of credit is accessible for direct payment purchases and ATM cash withdrawals.
Interest is charged on the amount borrowed and only for the number of days it is used. If you don't use it, you don't pay interest.
Key Features
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Overdraft protection up to a pre-authorized limit
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Instant access to funds for purchases or bill payments
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Interest much lower than a credit card*
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If your line of credit is not used, interest is not charged
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Monthly minimum 3% repayment
*Calculated only on the negative balance in your chequing account on a daily basis, charged monthly.
RRSP Lines of Credit
Overview
Members use these funds for investing in RRSP's at Niverville Credit Union.
Key Features
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Manage cash flow and grow your RRSP faster by investing sooner
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Choose from weekly, bi-weekly, semi-monthly, or monthly repayment structures
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Re-borrow in future years using the same account, hassle-free
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Members can view their RRSP Line of Credit in monthly statements
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RRSP Lines of Credit are available starting at the prime rate
Speak to an advisor
Our financial advisors can help with personalized investment advice.
Explore credit card rewards
Discover our credit card options for personal and business use.
Reach your financial goals
Explore our range of registered accounts like TFSAs and RRSPs.
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