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
    2.74%
    5 years
  • Scotiabank
    2.64%
    2 years
  • CMLS
    2.84%
    3 years
  • RFA
    2.84%
    5 years
  • First National Bank
    2.84%
    5 years
  • DUCA
    3.64%
    1 year
  • B2B
    2.94%
    2 years
  • Meridian
    2.89%
    5 years
  • RMG Mortgage
    2.89%
    5 years
Variable
  • Lender
  • Rate
  • Manulife Bank
    2.45%
    5 years
  • Home Trust
    4.49%
    5 years
  • Mcap
    2.45%
    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. At Approved Mortgage Broker, 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.


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What our CLients Say
Approved Mortgage Brokers
  • Avatar Hirad Asnafi ★★★★★
    I'm writing this review based on my personal experience with Approved Mortgage Brokers North York, and specifically Masoud. He responded quickly to my inquiry and was very helpful during the process. He provides great advice and maintains a high level of professionalism. Thank you Masoud for all your hard work.
    I highly recommend this business for your mortgage needs. Give Masoud a call. You won't be disappointed.
  • Avatar Amir Abbasfar ★★★★★
    Approved mortgage helped me through both a new purchase and refinance process, finding me great rates in both situations. Really great team of guys.
  • Avatar bardia ` shojaei ★★★★★
    Thank you so much for helping us get our home refinanced. You were professional, friendly and very helpful. I will recommend to all my friends
  • Avatar Gregory Chen ★★★★★
    Masoud gave me great advice and fair rates to process my mortgage. His assistant, was quick getting back to me and explained any questions about documents. Would highly recommend these guys..
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