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How is interest calculated on my line of credit?
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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.
- How can I apply for a line of credit?
- How do you calculate my Credit Available?
- Is there a limit on how much I can pay back on my line of credit?
- What's a co-borrower on a loan or a line of credit?
- What are the costs associated with a line of credit?
- How can I access a Simplii Financial line of credit?
- What is the difference between a Personal Loan and Personal Line of Credit?
- What information do I need to provide when applying for a loan or line of credit?
- What's a Secured Line of Credit?
- How do you calculate my current balance?
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