President's Choice Financial|accounts and products|low-cost borrowing|low-cost borrowing account

borrowing and credit low-cost borrowing account

a low-interest line of credit that's always there when you need it

Want to be in control of your financial needs? With the President’s Choice Financial^® low-cost borrowing account you borrow only what you need and pay interest only on what you borrow. It’s simple and convenient — and the interest rate is a fraction of what you pay on many credit cards.

how you can benefit from the low-cost borrowing account:

our low-cost borrowing account has a low rate based on prime¹
qualify once to borrow anywhere from $5,000 to $50,000, whenever you need it
low minimum monthly repayments of just $60 or 3% of your balance, whichever is greater
no fee access online, by phone, at a bank machine² or through Interac^® Direct Payment
a wide variety of flexible repayment options
earn PC^® points when you borrow your first $500
you can get 5 PC^® points for every dollar spent³ when you use your bank card at participating stores where President’s Choice^® products are sold⁴

You can use the money in your low-cost borrowing account to make major purchases. Need a new roof in the spring? A new transmission in the middle of your road trip? No problem. Maybe there's no emergency. Perhaps you want a sunny vacation in the south or a new dining room suite. You can also use this line of credit like a bank account — pay bills, set up payroll deposit, even buy your groceries!

Choose a credit option to compare our borrowing options and see which one is best for you.


	earn 5,000 PC points the first time you activate your low-cost borrowing account and make a transaction of $500 or more.

¹Your rate will depend on your credit situation. CIBC prime rate, (prime) is subject to change. Your rate will vary whenever CIBC prime rate varies and/or whenever we change your variable interest rate in our sole discretion with notice. Product is subject to credit approval.
²Free transactions at President's Choice Financial or CIBC bank machines.
³PC points awarded for grocery and merchandise purchases on the bank card are subject to change without notice.
⁴Participating stores: Atlantic Superstore, Atlantic Save Easy, Atlantic SuperValu, The Real Canadian Superstores, Extra Foods, Fortinos, Zehrs, no frills, Loblaws, valu-mart, Your Independent Grocer and participating stores in Newfoundland and Labrador where President’s Choice products are sold.

^® PC, President’s Choice, President’s Choice Financial, PC Financial and Fresh Financial Thinking are registered trademarks of Loblaws Inc.
^®Interac is a registered trademark of Interac Inc. CIBC a licensee of the marks. All other trademarks are property of Loblaws Inc.