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Loans and Lines of Credit

We want to work together with you to maximize the correct use of a loan or line of credit. A Libro Coach will be able to help you strike the right balance with your personalized Prosperity Plan to ensure you maintain control of your credit tools.

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Personal Loans

Personal installment loans help you finance purchases like a vehicle, education costs or a vacation. Repayment involves regular blended payments of principal and interest over an agreed period of time.

Our loans offer:

  • Variable or fixed interest rates

  • A choice of payment options

  • Repayment options - we offer 6 & 7 year vehicle loans for new or nearly new vehicles

  • Loan insurance - creditor's disability insurance available

Lines of Credit


Overdraft Protection

MeritLine (Account)

Student Line

Line of Credit Limit *$500 - $5,000 $5,500+ $5,000 - $10,000
per study year
Attached to Chequing Account
Acts as Overdraft
Payment Options Automatically paid down when you make a deposit Interest only payment Interest only payments during studies**
Best for you if... You'd like peace of mind if your account becomes overdrawn- protects if something unforseen should clear the account. This is a short term solution.  You'd like a long term solution where the Line of Credit attaches to your chequing account for ease of use. This gives flexibility for larger purcahses and has interest only payments at competitive rates. You're a post secondary education student looking at a flexible option for tuition, books, and any related expenses.


*Limits under $500 can be authorized in certain cases. Please talk to a Libro Coach for more information.
**Principal & interest payments begin 1 year after student finishes studies.

Tools & Resources


Use our easy online calculator to see your loan payment options.


Take advantage of our competitive loan rates.

Contact Us

Upon receiving your information, a Libro Coach will contact you within two business days. Your privacy and trust are important to us. We will use and protect your information in accordance with our privacy policy.