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Loans that work for you

If you want to buy a new home or renovate your existing home, borrow to invest your money or to consolidate your debt, Tandia has the right borrowing options for you with attractive rates and repayment plans that will have your mortgage or loan paid off fast and affordably.

Personal Loans

A personal loan could be your key to living more freely. Whether you’d like to consolidate debt into one low payment, take a vacation, plan your dream wedding or buy that new car you’ve been wanting, Tandia can help.

Getting approved for a personal loan is quick and easy and we have a variety of loan lengths, payment options, competitive loan rates, and more. 

Personal Loan

Overview

Getting approved for a personal loan is quick and easy and we have a variety of loan lengths, payment options, competitive loan rates, and more. 

Key Features
  • Competitive rates including AFT, auto-transfer or payroll deduction.
  • Flexible repayment options - Monthly, weekly, bi-weekly, whatever suits your schedule.
  • All loans open to early repayment with no penalty.
  • Life and disability insurance available.
  • Payment relief can be arranged during layoffs, strikes and leaves of absence (including parental).
  • Special purpose' loans for specific needs (i.e. computer, RRSP, education).
  • Interest rates on personal loans are annual rates and are calculated on the declining loan balance.
Tandia car loans

 

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.

  • 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.
  • 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.
  • 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.

Tandia car loans

 

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.
 
  • 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.

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.

 

AdvantageLine

Overview

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.

Key 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 options, Monthly premium life, disability, loss of income and critical illness insurances are available

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


MeritLine

Overview

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.

Key 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.


StudentLine

Overview

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.

Key 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.


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.

Tandia VISA Card

Credit & Debit Cards

Whether you like to pay with a credit or debit card Tandia is here for you. We offer an outstanding suite of cards with competitive features and some very unique benefits and advantages.

At Tandia, we believe that financial institutions should be accountable to the people they serve. We believe that there’s more than one way to measure success. We believe that our profits should have a positive financial, social and environmental impact on communities.

We understand that everyone is different, and we work hard to tailor solutions that are right for you.

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Whether you’re saving for the future, preparing to buy your first home, or planning and protecting your estate. Tandia's suite of Wealth Service options can help you build a portfolio that’s tailored to your unique financial goals.

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Listen to our weekly Podcast that answers all your burning questions about money. We’re here to make money more relatable, with take-action tips to help you create the life you want. We will help you tackle those financial problems, look at your goals and help you define your financial journey. Start listening!

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