Simplii

Have a Question?

Enter your question in sentence form (e.g., How do I contact Simplii Financial?).
Don't include any confidential information, such as card or account numbers.


We matched your question to:

How is interest calculated on my line of credit?

Rate this response

You're charged interest from the day you withdraw money, until you pay it back in full. Interest is calculated daily and payable monthly. There's no interest-free grace period.  

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
powered by [24]7