Personal loan
Your financial security plan helps you define goals and start achieving them, but it's not always possible to save enough money for things you need before you need them. Whatever your goals, a personal loan can be a straightforward way to finance your needs without compromising your goals. If you know how much you need to borrow, the personal loan is a convenient financing solution that offers you the security of equal payments over the term of the loan, making it easier to manage your monthly budget.
The personal loan is ideal for one-time expenditures such as purchasing a car or vacation. You can even use it to consolidate all your other loans into one monthly payment at a competitive interest rate.
The personal loan is secured by your London Life segregated fund contract or Quadrus mutual fund investments. It gives you access to financing your needs to fund special projects or emergencies without having to redeem your investments.
Features
The personal loan is available with the following features:
- Secured by London Life segregated fund contracts or Quadrus Group of Funds mutual funds*
- Loans starting from $5,000
- Interest rates as low as prime1
- Terms available from six months to five years
- Flexible payment options
- Annual loan statement
- Fixed or variable interest rates
- Creditor life, disability and critical illness insurance is available
Ready to apply for a personal loan?
Contact a financial security advisor and investment representative to find out if a personal loan is right for you. Or if you're already a Solutions Banking client, call 1-866-888-1379 to find out more.
1Prime means the annual variable interest rate published by the National Bank of Canada from time to time. The National Bank uses its prime rate to determine the interest rates it charges on the commercial loans it grants in Canadian dollars in Canada.
* Mutual funds are available through Quadrus Investment Services Ltd.