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Unlocking the power of home equity.

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.



Line of Credit secured by equity in your home


Flexible prepayment

Open to prepayment at any time without penalty

24 hours flexibility

​Accessible anytime

Through online banking, Tandia ATMs
​and in-branch

What is a Home Equity Line of Credit?

A Home Equity Line of Credit (HELOC) is a flexible financial arrangement that allows homeowners to borrow against the equity they have built up in their property. It functions as a revolving credit line, much like a credit card, where the homeowner can access funds up to a predetermined credit limit. The amount available for borrowing is based on the difference between the home's current market value and the amount still owed on the mortgage.

One of the key advantages of a HELOC is its flexibility; homeowners can draw funds as needed, repay them, and then borrow again without needing to reapply. Interest rates on HELOCs are typically variable and tied to a benchmark rate, and payments usually consist of interest plus a portion of the principal. HELOCs are commonly used for various purposes, including home improvements, debt consolidation, education expenses, and other major expenses.


  • 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

  • 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
Tandia we are here to help

Getting started is easy.

We are here to help. You can apply online, in-person at your branch or by phone - call our Member Solutions Centre at 1-800-598-2891.

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

Welcome to an easy-going life with a Tandia Mortgage.

Here at Tandia, we’re proud to offer a comfortable mortgage experience and at a pleasantly low rate. We will work with you to ensure that your home financing suits your unique needs, while allowing the flexibility you want for the future.

A good reason to borrow

Just because you're short on cash right now doesn't mean you have to forfeit your financial future. Tandia aims to be the lender of choice amongst our members, offering attractive rates and convenient payment methods.


Meet with a financial expert

Our representatives are ready-when-you-are to help with investment questions, advice and solutions. We can meet you where and how you want to meet. We are available by email, by phone, in person, or by video conferencing.