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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. 

"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.
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