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.
  • 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.
Featured Rates
Fixed
  • Lender
  • Rate
  • Term
  • Toronto-Dominion
    3.04%
    5 years
  • Scotiabank
    3.04%
    2 years
  • MCAP
    2.99%
    5 years
  • CMLS
    2.84%
    3 years
  • RFA
    2.64%
    5 years
  • First National Bank
    2.74%
    5 years
  • DUCA
    3.84%
    1 year
  • B2B
    3.19%
    2 years
  • Meridian
    2.79%
    5 years
  • RMG Mortgage
    2.69%
    5 years
Variable
  • Lender
  • Rate
  • Manulife Bank
    2.74%
    5 years
  • Home Trust
    3.00%
    5 years
Other
  • Type
  • Rate
  • Secured line of credit
    4.45%
  • 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
  • Avatar gilles veilleux ★★★★★
    Masoud and his team are truly focused and result driven. I did my refinancing with them, it went smooth from start to finish.
  • Avatar Roosevelt Freeman ★★★★★
    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 Linda Howard ★★★★★
    After some unfortunate interactions with my previous mortgage broker trying to close the deal I was recommended Approved by a friend of a friend. I didn't have my hopes high to be completely honest, however decided to give it a go and called Masoud. He was quite reassuring over the phone, and after our meeting I finally felt like I'm in the right hands. Long story short, we closed the deal and most importantly I got a much better rate than expected. I already recommended Approved to my colleague, and I'm sure there'll be more referrals from me when the time comes
  • Avatar Juan Pearson ★★★★★
    Nick gave me great advice and fair rates to process my mortgage. Marianela, his assistant, was quick getting back to me and explained any questions about documents. Would highly recommend these guys.
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