Lines of Credit
You never know when you might have an emergency and need some extra cash. A line of credit is perfect for these situations. It’s a variable-rate loan that may be used at any time. Attached to your chequing account, a line of credit provides your business with convenience and flexibility, allowing you access to funds as you need them.
Features
- Competitive variable rates.
- It works like overdraft protection on your account, giving you added protection so you avoid NSF service fees on your account
- Interest is only charged on the amount you use, for the time you use it.
- Apply only once.
- Flexible repayment options are available.
- Take advantage of our loan protection: life, disability and critical illness insurance options are available.
How to Access Your Funds
- Use any NDCU ATM
- Use ATMs in Canada or worldwide
- Online through nelsoncu.com online banking
- NDCU cheques
- Request an advance in branch.