What is a personal line of credit?
A Conexus QuickLine is a flexible personal line of credit that allows you to borrow, repay and borrow again up to a set limit, offering easy access to funds when you need them. Whether you’re managing planned expenses or unexpected costs, our QuickLine provides a revolving credit option with no fixed term, so you only pay interest on what you borrow.
Why choose a line of credit?
Reusable credit
Reusable credit as you repay borrowed amounts.
As you repay what you’ve borrowed, that credit becomes available again — no reapplying needed. Your QuickLine stays open and ready whenever you need it next.
Borrow only what you need
Borrow only what you need, when you need it.
Unlike a lump-sum loan, a QuickLine lets you draw exactly the amount you need for a given expense — nothing more. This keeps your borrowing efficient and your interest costs lower.
Interest on what you use
Pay interest only on the amount you use.
You’re never charged interest on your full credit limit — only on the portion you’ve actually drawn and haven’t yet repaid. This makes a QuickLine a cost-efficient safety net.
No prepayment penalties
No prepayment penalties — pay down your balance any time.
Pay off your balance early without worrying about extra fees, helping you save on interest and pay down debt faster whenever your cash flow allows.
Competitive interest rates
Competitive interest rates compared to higher-interest products.
A QuickLine typically carries a lower interest rate than credit cards, making it a more affordable way to cover planned expenses or unexpected costs.
Flexible repayment schedules
Choose from flexible repayment schedules to manage payments on your terms.
Choose from various repayment options, including fixed payments that cover both principal and interest, or interest-only payments (subject to certain conditions).
How does it work?
To get started, schedule an appointment with a Conexus Advisor. You’ll need to provide personal identification and proof of income and may need to complete a net worth statement. If your QuickLine is secured by your home, you’ll also need to provide your property tax balance and proof of home insurance. Your eligibility and approved credit limit will depend on factors such as your income and credit history.
Once approved, you can access your available funds as needed. As you repay what you borrow, that credit becomes available to use again—giving you ongoing flexibility without reapplying for credit.
You can choose a repayment schedule that works for your budget, with weekly, bi-weekly, semi-monthly or monthly options. Depending on your QuickLine, you may be able to make fixed payments that cover both principal and interest or interest-only payments, subject to applicable conditions.
There are no extra fees for paying off your balance early, so you can pay down what you owe faster and reduce the amount of interest you pay.
Is this right for you?
Right for you if you:
- Are looking for credit that is ideal for ongoing expenses, emergencies, or planned purchases. A QuickLine gives you the freedom to borrow only what you need, when you need it.
- Want a more affordable borrowing option that still offers flexibility. A QuickLine has a lower-interest rate compared to higher-interest products like credit cards and gives you the freedom to pay back then borrow again.
- Appreciate the ability to choose from flexible repayment schedules and manage payments on your terms, with no prepayment penalties to help you pay down debt faster and save on interest.
May not be right for you if you:
- Prefer the stability of a structured payment amount and schedule. Unlike a traditional loan with a clear end date, a QuickLine doesn't have a fixed repayment term, and the payment amount may vary. A Personal Loan with fixed terms could be a more straightforward option.
- Are making short-term, smaller every-day purchases and want to build credit. A credit card could be more practical if you can pay it off quickly.
- Struggle with managing debt. Since a QuickLine allows you to borrow and reuse funds, it can be tempting to borrow more than you need or live outside your means. A budget review with a Financial Advisor may be a better first step.
See what you can afford, before you commit.
Common questions.
Here’s what people ask us the most.
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A Personal Loan gives you a set amount of money upfront with a structured repayment plan. A QuickLine gives you access to a credit limit that you can use as needed. As you repay what you borrow, those funds become available to use again.
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No. You only pay interest on the amount you actually borrow, not on your full approved credit limit.
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Your approved credit limit depends on factors such as your income, credit history and overall financial situation. A Conexus Advisor can help determine how much you may qualify for.
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Yes. As you repay your balance, the amount you repay becomes available to borrow again, giving you ongoing access to your available credit.
We’re here to help.
Have questions about our loan options, rates, payments or the application process? Fill out our quick form and a member of our team will be happy to help.
