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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. 

Equity

Line of Credit secured by equity in your home

Flexible prepayment

Open to prepayment at any time without penalty

​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 availableLife, 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

​​​​Good things happen when we share

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*. 

Learn more

We are here for you

We encourage you to get in touch at any time, whether it’s with a question about our business or a comment on how we might be able to better serve you. After all, at Tandia, your voice is the most important one.

1.800.598.2891

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To report a lost or stolen MEMBER CARD® debit card during regular business hours, call 1.800.598.2891 after hours please call 1.888.277.1043.


Member of the Deposit Insurance Corporation of Ontario. ™ DirecTCU is a trademark of the Canadian Credit Union Association and is used under license. Tandia Financial Credit Union Limited operating as Tandia™

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