Holiday Financing Options Saint John NB

Although the holiday season can be stressful on your finances, it doesn't have to be that way. Consider opening a personal line of credit with a low interest rate.

Scotiabank
(506) 658-3365
39 King Street
Saint John, NB
 
BMO Bank of Montreal
(506) 632-0202
15 Market Square
Saint John, NB
Type
Branch with ABM

Scotiabank
(506) 658-3370
365 Main Street
Saint John, NB
 
BMO Bank of Montreal
Fairville Boulevard
Saint John, NB
Type
ABM

RBC - Westwind Place Branch
(506) 635-1030
800 Fairville Blvd
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 20:00
Thursday: 10:00 - 20:00
Friday: 10:00 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

RBC - Main Br - Saint John
(506) 632-8080
100 King St
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 17:00
Thursday: 10:00 - 17:00
Friday: 10:00 - 17:00
Saturday: Closed
Sunday: Closed

RBC - Lansdowne & Wellesley Br
(506) 634-8220
111 Lansdowne Ave
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 17:00
Thursday: 10:00 - 17:00
Friday: 10:00 - 17:00
Saturday: Closed
Sunday: Closed

BMO Bank of Montreal
(506) 632-0221
120 Mcdonald St
Saint John, NB
Type
Branch with ABM

RBC - Nb-Mcallister Place Branch
(506) 633-7680
515 Westmorland Rd-Unit C009B
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 20:00
Thursday: 10:00 - 20:00
Friday: 10:00 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

Scotiabank
(506) 658-3360
35 Main Street West
Saint John, NB
 

Holiday Financing Options

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(NC)-Let's face it; many of us-despite our best efforts-probably overextended our budgets with holiday shopping. With Canadians spending an average of $900 on gifts alone, it's not unusual for bills incurred during the holidays to linger. And, with the impending RSP deadline, how can we stick to our retirement plan and find the funds to make our contribution? Fortunately, there are many options available to get your finances back on track, one of which is a personal line of credit.

A personal line of credit allows you to withdraw any amount of funds, as you need them, up to the predetermined, approved credit limit - based on your personal financial situation. It's a great way to borrow if you want ongoing access to funds and if your needs vary throughout the year.

Think of it as your own little bank. Once you've paid it back, you can use it repeatedly without re-applying. It's a convenient way to pay for things that simply cannot wait, like topping off any unused RSP contribution room or home renovation projects. You can also use it for non-registered investments, major and everyday purchases or for that well-deserved vacation.

With a much lower interest rate than most retail credit cards, a personal line of credit is also a popular choice for consolidating higher interest debt. Rates will depend on the type of personal line of credit you select. A secured personal line of credit, where the equity in your home is the security, allows the lender to be able to offer more favourable terms and possibly a higher credit limit because of the reduced risk. For example, with the CIBC Home Power line of credit, you can access up to 80% of your home's appraised value minus any balance owing on the existing mortgage and any other encumbrances on title. It offers flexible monthly repayment options that let you decide how much to repay, including an interest only payment option on the funds you use. Alternatively, if you don't own a home or owe more than 80% of the value of your home, you can opt for an unsecured personal line of credit like the CIBC Personal Line of Credit with limits ranging from $5,000 to $200,000. You can conveniently access your line of credit at any CIBC Instant Teller machine, Telephone or Online Banking, cheque or CIBC Convenience Card-all with no transaction fees.

More information is available at your nearest CIBC branch, online at www.cibc.com or by calling toll-free 1-800-465-CIBC (2422).

- News Canada