LoC Rates 2024

[phoenixmod]

@hannahelizabeth93 Going to keep this in mind for my next appointment at RBC. Thanks! It does occur to me now that the RBC rep may have only quoted the pre-approval rate. Although I thought it was the full quote considering i did get the -3 deduction to my credit score - not that it impacts me just something i noticed.

Will inquire! Thanks

 

[pwb1988]

@phoenixmod CIBC 9.2% got it last summer

 

[alexandrah2]

@phoenixmod I have 8.70% for 50k with rbc. Never touched it but I wish I had when it was like 3%.

 

[lovelydove]

@phoenixmod My auto loan is with Scotia. I opened a credit card with them and they offered me a $10k LoC at prime + 1.95% within a week or two.

My BMO LoC is prime + 4.5% or something.

 

[gracethroughfaith87]

@phoenixmod I have a 40k unsecured line of credit with CIBC. Rate is 9.71%. My annual income is 55k and credit score is 810.

 

[phoenixmod]

@gracethroughfaith87 That works out to roughly prime+2.5% - when did you get such a rate? That's awesome

 

[gracethroughfaith87]

@phoenixmod Opened it in 2019 with a lower limit, can’t remember the number. They just offered the limit increase in the last year or so.