​Lines of Credit & Personal Loans

Helping you realize your dreams

​We can help you realize your dreams

Competitive Rates

​Variable interest rate that adjusts with Tandia's Prime.


​Flexible Repayment Options

Monthly, weekly, bi-weekly, whatever suits your schedule.


​Convenient Payment Methods

Including AFT, auto-transfer or payroll deduction.

​Pay Extra or In Full Anytime

Pay a little more or in full with no interest penalty.

Personal Loans

Tandia aims to be the lender of choice among our members, offering attractive rates and convenient payment methods.  

Features

Competitive rates.

Flexible repayment options.

All loans open to early repayment with no penalty.

Life and disability insurance available and recommended.

Payment relief can be arranged during layoffs, strikes and leaves of absence (including parental).'

Special purpose' loans at great rates to meet your specific needs (i.e. computer, RRSP, education).

Interest rates on our personal loans are annual rates and are calculated on the declining loan balance.


A car loan from Tandia keeps you in the driver’s seat.

Let’s face it – whether you lease or borrow-to-own a car, it’s an expensive undertaking, plain and simple.  It’s not unusual to see a price-tag on a new car that’s as much as the cost of an average house only a generation ago.  The low monthly payments advertised with car leases can be appealing, but there’s more to leasing a car than the payments.  Anyone who is in the market for a new set of wheels should consider both the pro’s and con’s of leasing before ruling out borrowing-to-own.

​Advantages of leasing

  • You can usually keep your monthly car payments lower than if you purchase.
  • You can usually drive a more expensive car than if you purchase.
  • There can be a tax advantage if you drive a car for business purposes.

​Disadvantages of leasing

  • You don’t own the vehicle.
  • You can be subject to end-of-lease charges for excess mileage and wear-and-tear. 
  • Inflexible terms – if for some reason you need to end the lease early, you can be subject to a penalty for early termination.  Think it couldn’t happen to you?  It can happen to anyone… job loss, auto theft or an accident.

​Advantages of borrowing-to-own

  • Our loan payments can be as low as lease payments.
  • Payments will be based on the purchase price of the car including taxes (for qualified applicants).
  • Competitive rates.
  • You own the vehicle.
  • You can sell the vehicle at any time with no interest penalty for paying off the loan.
  • You can modify the car any way you choose (paint or after-market options).
  • There’s no mileage restrictions or worry about excess wear-and-tear.
  • You can be car-payment-free some day and have some equity to show.
  • For additional peace of mind, we offer affordable creditor life and disability insurance to protect your family from financial risk.
  • You have control and stay in the driver’s seat.

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.

Apply now
Meet with us

A good reason to borrow

Just because you're short on cash right now doesn't mean you have to forfeit a financially healthy retirement.  Contributing to your RRSP on a regular basis will help build a significant nest egg over time. Our RRSP loan offers one of the best rates available, and your first payment can be deferred until May, typically when you receive your income tax refund and can use it to pay down your loan. 

  • Borrow up to $5,000
  • Repay over 2 years
  • First payment can be deferred until May
  • Lots of RRSP contribution room?  Ask about a "Catch Up" RRSP Loan.
  • Want to 'top-up' your RRSP contribution? Use an RRSP loan to increase your annual contribution by 40% or more and pay back your loan with your tax refund. 
  • Don't want to fill out an application every year?  Contact us about our new RRSP Line-of-Credit.

​Benefits of borrowing for your RRSP

  • Maximize your tax break.
  • Grown your investment with tax-free compounding.
  • Top-up unused RRSP contribution room from previous years.
  • Top-up this year's RRSP contribution.
  • Use your income tax refund to help pay down your loan.
  • Take up to two years to pay off your remaining balance. 

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.

  Apply now   
Meet with us

Lines of Credit

At Tandia, we know that each of our members are unique. That's why we offer a number of tailored Line of Credit products to suit your every need.


MeritLine home equity Line of Credit

Using the equity in your home to secure this pre-approved line of credit (minimum $50,000) guarantees you one of the lowest rates available for credit.  A companion MeritLine Account is your key to convenient access.

Features

  • Line of Credit secured by equity in your homeMinimum $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 availableLife, disability, loss of income and critical illness insurances are available

Learn More →

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.

Apply now
Meet with us

AdvantageLine Line of Credit

A pre-approved line of credit means you may never have to apply for credit again.  You can continuously borrow and repay up to your pre-determined limit.  The companion AdvantageLine Account is your key to convenient access.

Features

  • Variable interest rate that adjusts with Tandia's PrimeLimits from $5,000 to $100,000
  • An attractive rate with further reduction if secured by home equity
  • Accessible anytime through online banking or at any Tandia ATM
  • Flexible repayment optionsMonthly premium life, disability, loss of income and critical illness insurances are available

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.

Apply now
Meet with us

StudentLine Line of Credit

A StudentLine Line of Credit is a flexible and convenient line of credit (and a one-time application) that allows the student to draw on funds as needed, up to a pre-determined limit, to help finance the cost of post-secondary education.  It comes with a companion StudentLine Account which is your key to access.

Features

  • One-time application for financing post-secondary education
  • A very competitive rate
  • Low payments of interest only are all that’s required while in school (up to 5 years)
  • Liberal repayment terms (over 10 years) upon graduation
  • More structured Student Loans are also available if preferred
  • Subject to credit approval with appropriate parental guarantee(s).
  • Students must be 18 years of age to apply (for students under the age of 18, parents must apply on their behalf)

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.

Apply now
Meet with us

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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Help us spread the word about Tandia to your family, friends and co-workers and we’ll reward both you and the person you refer with $25 cash*. 

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