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Personal Term Loan
Everyone needs a hand sometimes. Whether it’s to make a big purchase, take a dream vacation or consolidate debt, a personal loan can be an ideal way to reach your goals. We can help with a personal term loan that offers structured payments and the flexibility to meet your budget. Our personal term loans also offer:
- competitive rates
- variable or fixed rates
- no prepayment penalty
- payment protection options
- ProfitShares rewards
Finding the loan that's right for you
Loans help finance some of our biggest goals in life. They can provide access to possibilities that we can’t afford upfront—possibilities like going to school, buying a home or starting a business (to name just a few).
Personal Quick Loan
Once approved for a Synergy Personal Quick Loan, you can use the money as you need to. Then, as you pay down the loan, you can re-advance funds up to your credit limit without having to apply again. You also only pay interest on the outstanding balance of the loan, not the whole amount. This flexible loan also offers:
- a choice of blended (principal plus interest) or interest-only payment option
- the ability to use collateral to get an even better rate
- variable rates
- no prepayment penalty
- payment protection options
- ProfitShares rewards
How do consumer loans work?
A consumer loan is like an IOU. Let’s say you borrow money from a friend with the knowledge you will be paying him back. A consumer loan is like that (except you borrow money from a financial institution).
Personal Line of Credit
Having a personal line of credit in place helps cover expenses that come up when you’re between pay cheques or temporarily low on income. It's attached to your chequing account, so if your balance drops below $0, bills or payments that come due are covered. Once your chequing account balance is above $0 again, you no longer pay interest. It’s a great way to help you manage money and cash flow. With a personal line of credit, you also get:
- competitive rates
- payment protection options
- ProfitShares rewards
What can I do to improve my credit score?
Pay your bills on time, reduce your debt, remove inaccuracies and avoid new inquiries for a few months.
Education Loan
If you or someone in your family is heading off to college, university or technical school, we can help make the dream a reality with our Education Loan. It offers a competitive rate and the added bonus of interest-only payments until you graduate or end your studies. You can get up to $10,000 per year for a total of $80,000 and you only need to apply once. If you only use a portion, the remaining amount is available for future years. You also get:
- six months of interest-only payments post-graduation
- repayment plans of up to 10 years
- variable rate that’s available post-graduation or at the end of your studies
- no prepayment penalty
- payment protection options
- ProfitShares rewards
Have questions about student loans?
Are you planning to go to college or university? Going to school is expensive, but before you rush out and get a student loan, here are some things to consider.
Vehicle Loan (Dealer Financing)
If you’ve found the ideal vehicle before you’ve had a chance to get pre-approved for a loan to purchase it, we’ve got you covered. You can apply for a Synergy Dealer Financing Loan at any participating dealership, saving you a trip into one of our branches to do it. Vehicles we can finance include cars, trucks, quads, RVs and snowmobiles. When you choose our Dealer Financing Loan to purchase your vehicle, you also get:
- flexible repayment plans that fit your budget
- no prepayment penalty
- fast, local approval
- competitive rates
- payment protection options
- ProfitShares rewards is a great perk for being a member
To Lease or To Finance: That is the Question!
When it comes to buying a new car, you have three options: purchasing it with cash, purchasing it through a loan (also known as financing) or leasing it. For most shoppers, the decision comes down to buying or leasing.
CU TAKE TEN® RRSP LOAN
Taking full advantage of your allowable Retirement Savings Plan (RSP) deduction limit is a great idea, but sometimes it’s not possible. We can help with our CU Take Ten RRSP Loan. It allows you to borrow money to purchase an RRSP at a competitive rate so that you can minimize the income tax you need to pay and benefit from your investment gains, all while staying on track with your retirement goals. Our CU TAKE TEN RRSP LOAN also offers:
- a repayment schedule with payments as low as $100 per month
- no prepayment penalty
- competitive fixed or variable rates
- terms of up to 10 years
- ProfitShares rewards
Is it ever too late to start planning for retirement?
Is it ever too late to start planning for retirement?
It's usually not too late to start saving for retirement. And if you are determined, and dedicated to providing a nest egg for yourself, you can make it happen.
