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Is there a limit on how much I can pay back on my line of credit?
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You decide how much you’d like to pay back each month. With a personal line of credit, repay as little as $50 or 2% of your balance, whichever is greater. For a secured line of credit, you can make interest-only payments each month. There's no prepayment charge for paying any amount above the minimum.
- How to apply for a Line of Credit or how to increase limit on Line of Credit?
- Is there a spending limit for using my Simplii card with mobile wallet?
- How is interest calculated on my line of credit?
- What are the costs for getting a line of credit?
- When do I pay back my loan?
- How do I pay my Simplii Financial credit card bill?
- How much money can I access daily?
- When can I access my tax documents?
- How do you calculate my Credit Available?
- What's a co-borrower on a loan or a line of credit?
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