phoenixmod
New member
Been offered a 40K unsecured LoC from my primary bank of 10 years (RBC) at prime+4.49% for a total of 11.49% as of April 2024. I have multiple credit products, investments, and chequing/savings account with RBC.
This is the first time i am being offered and seeing an LoC rate. At first this rate seemed good, but after hearing some banks commonly offer prime+0% to prime+2% I don't think it's the best.
What rate do you have for your unsecured personal line of credit? Seems like tangerine prime+0% or 1% is the best I've heard of. But that's significantly better than what the one of the big 5 offered me.
Anyone done this recently?
Considerations:
I have an 850 credit score, low rent, no liabilities, and just under 6 figure salary. With these considerations I feel I should be in a great position for credit products.
Thanks!
[first post bare with me]
This is the first time i am being offered and seeing an LoC rate. At first this rate seemed good, but after hearing some banks commonly offer prime+0% to prime+2% I don't think it's the best.
What rate do you have for your unsecured personal line of credit? Seems like tangerine prime+0% or 1% is the best I've heard of. But that's significantly better than what the one of the big 5 offered me.
Anyone done this recently?
Considerations:
I have an 850 credit score, low rent, no liabilities, and just under 6 figure salary. With these considerations I feel I should be in a great position for credit products.
Thanks!
[first post bare with me]