Loans

Flexibility for wherever you are in life.

Find the loan to fit your next big goal

Home Equity Loan

Perfect for you if…

Want to use the equity in your home to give you the financial freedom you require to make those necessary home renovations, do some well-deserved travelling, pay off high-interest debts, or for whatever lifestyle goals you may have in mind.

Key features

Security will normally be member's principal residence.
Value of loan up to 80% of property’s value.
All relative costs, i.e. legal, appraisal, etc. can be added to loan amount.
Flexible weekly, biweekly, or monthly repayment schedules
Up to 25 years to repay.

Personal Loan

Perfect for you if…

A personal loan is a convenient solution when funds are needed for an important purchase, luxury item, or even to consolidate debts into one, lower-cost payment.

Key features

Repay your loan faster with weekly or bi-weekly payments.
No penalty for extra payments or early repayment.
Make extra payments any time, in any amount, and as often as you want.
Semi-annual statement of loan account (or monthly with chequing account statement).

Vehicle Loan

Perfect for you if…

Want to take the smart course. Before visiting the dealership, arrange a pre-approved car loan at St. Joseph's Credit Union. A pre-approved loan puts you in the driver’s seat when negotiating price or comparing lease agreements. And when comparing, remember to ask about making extra payments, loan insurances and cost of borrowing. With the right information, you can make the right decision that fits your lifestyle.

Key features

Flexible repayment terms
Repay your loan faster with weekly or bi-weekly payments
No penalty for extra payments or early repayment

RRSP Loans

Perfect for you if…

*RRSP loans, with rates as low as prime, provides an opportunity for owners to maximize their RRSP contribution and to take advantage of maximum tax benefits today while providing for their future retirement.

Take advantage of unused carry-forward amounts or maximize your yearly contributions by borrowing and taking up to 10 years to repay. Any tax refund could be used to pay down loan balance, make next year's contribution early, or just for you to spend -- the choice is yours.

*Loan is due in full if transfer or redemption of RRSP is requested.

*All lending is subject to credit approval within normal credit guidelines.