Unsecured Line of Credit Toronto

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Mortgage Offers
pick the one thats right for you.
  • get
    $ 2,000
    on purchase over
    $500, 000
  • Receive
    $ 1,400
    when you transfer
    your mortgage of over $500,000
  • complimentary
    12 months
    Home service plan
    fint out more

Lenders, both mainstream and private, have qualification criteria before they can advance you the money. The most important of these are:
  • Credit score: A high credit score tells a lender that you are more likely to repay your loan and vice versa. A low credit score attracts a higher interest rate because you are more “risky”.
  • For a business unsecured line of credit, you must demonstrate that the business is healthy and is able to meet its obligations.
  • Your income (most lenders require a minimum household income of between $35,000 and $50,000)
  • Your current debt levels with other financial institutions
Featured Rates
Fixed
  • Lender
  • Rate
  • Term
  • Toronto-Dominion
    2.34%
    5 years
  • Scotiabank
    2.39%
    2 years
  • CMLS
    2.29%
    3 years
  • RFA
    2.44%
    5 years
  • First National Bank
    1.99%
    4 years
  • DUCA
    1.98%
    2 year
  • B2B
    2.84%
    2 years
  • Meridian
    2.19%
    5 years
  • RMG Mortgage
    2.29%
    5 years
  • Manulife Bank
    2.14%
    5 years
Variable
  • Lender
  • Rate
  • Home Trust
    4.49%
    5 years
  • Mcap
    2.15%
    5 years
Other
  • Type
  • Rate
  • Secured line of credit
    2.95%
  • Private mortgages
    5.99%
Questions?
We Are Here to Help


The most common type of an unsecured line of credit is credit cards. Note that if you fail to pay off your unsecured debt, the lender may sue you or hire a debt collector to recover their money. We compare the offerings of different lenders to determine the interest rates and other terms that best suit you, keeping in mind lenders typically issue lower credit limits for unsecured lines of credit, require shorter payback terms (bigger monthly payments), and ask for personal guarantees. Different lenders have different annual and/or monthly fees – we negotiate with lenders to ensure you pay very few fees, if any. Getting a good deal is usually tasking and hiring us saves you time and effort.


Purchase or Refinance
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What our CLients Say
Customer Testimonials
  • Avatar Boyd Wehner ★★★★★
    I used Nick to renew my mortgage. He found me a better deal than my bank could offer and I intend to use him again the next time I need to renew. Nick did all the work, he made it easy and simple for me. He really knows his stuff!
  • Avatar Nicole B. ★★★★★
    I have been dealing with Masoud for my first mortgage back in 2016 and my second mortgage in 2019. He has always been of great help and easy access. He is the first person I go to with regards to mortgage questions. Keep up the good work guys!!
  • Avatar kit cathe ★★★★★
    Working with Masoud was a great experience. We learned about mortgage options that were new to us as we were first-time buyers. Knowledgeable and helpful with no pressure, we were able to make an informed decision that worked out very well for our needs.
  • Avatar David Smith ★★★★★
    I can't recommend Masoud enough if you need a mortgage, a renewal, or even help getting to that point. He is extremely knowledgeable and resourceful and works incredibly hard for his clients! He’s done our first mortgage in 2014, refinance in 2028 and now our second mortgage this winter.
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