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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. 

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Equity

Line of Credit secured by equity in your home

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Flexible prepayment

Open to prepayment at any time without penalty

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​Accessible anytime 

Through online banking, Tandia ATMs
​and in-branch

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 available
  • Life, disability, loss of income and critical illness insurances are available

A MeritLine is right for you if

  • 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.

Apply now
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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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