Juggling life while managing your finances can be hard. A Libro Coach can help with a personal loan to set you on the right track to maximize the correct use of a loan or line of credit.
Loans
Vehicle
With our repayment options, you can drive off in your dream car! We offer 6 and 7 year vehicle loans for new or nearly new vehicles.
Large Purchase
Whether you’re planning for a wedding, or want to buy a boat or ATV for leisure enjoyment, we can help.
Debt Consolidation
Simplify your finances by combining all your debts into a single loan payment each month.
Lines of Credit
Home Improvement
Looking to renovate your home? You can achieve your goals with a home equity line of credit.
Emergency Fund
This type of line of credit allows you to access a large sum of money when you need it for unexpected expenses.
Student Borrowing
A student line of credit allows a student to pay for expenses related to their post-secondary education
Process for getting a loan or line of credit
Meet with a Coach in person or virtually to complete your application.
Once approved, come into a branch to sign documents with a Coach.
Access your new loan or line of credit funds once processed.
Line of Credit Options
View all of the Line of Credit options Libro offers.
Overdraft Protection
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.
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- Line of Credit limit of *$500 – $5,000
- Attached to chequing account
- Acts as overdraft
- Automatically paid down when you make a deposit
MeritLine (Account)
Best for you if… 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 purchases and has interest only payments at competitive rates.
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- Line of Credit limit of $5,500+
- Attached to chequing account
- Acts as overdraft
- Interest-only payment
Student Line
Best for you if… You’re a post secondary education student looking at a flexible option for tuition, books, and any related expenses.
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- Line of Credit limit of $5,000-$10,000 per study year
- Attached to chequing account
- Acts as overdraft
- Interest-only payments during studies**
Frequently Asked Questions
Interested in our Borrowing Options?
Your privacy and trust are important to us; we discourage you from sharing any sensitive information (such as passwords, Personal Identification Numbers or Account Numbers) within this form.