MeritLine Home Equity Line of Credit

Your house can be more than just a place to call home

Using the equity in your home to secure this pre-approved line of credit guarantees you one of the lowest rates available for credit.  The companion MeritLine Account is your key to access. 

Features Expand/Collapse

  • Line of Credit secured by equity in your home
  • Minimum $50,000
  • Payments as low as 'interest only'
  • Open to prepayment at any time without penalty
  • Accessible anytime through online banking, Tandia ATMs and in-branch
  • Lock-in features are available
  • Life, disability, loss of income and critical illness insurances are available

A MeritLine is right for you if: Expand/Collapse

  • You have significant home equity
  • You need to finance home improvements or other large expenditures
  • You are comfortable with a variable rate
  • You want one of the lowest rates available for credit


Interest is calculated daily on the outstanding principal and compounds monthly.

Get started now

You can apply online, in-person at your branch or by phone - call our Member Solutions Centre  at 1.800.598.2891.

The annual percentage rate (APR) for secured lines-of-credit is variable and based on Tandia rate of Prime and is subject to change without notice.  Legal and appraisal fees and insurance would increase the APR.  Credit applications are subject to approval and conditions apply.  Final rate will be determined according to Tandia's usual credit granting criteria.

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