EmberLine® Personal Line of Credit (STEP)
Right for you if:
You have a Ember Total Equity® Plan
You want access to money whenever and wherever you need it
Overview
Borrow up to 65% of the value of your home to finance goals you have like home renovations, a vacation or a car purchase, all with a one-time STEP application†
A flexible personal line of credit:
- With limits up to $1,500,000; or
- With the convenience of a VISA* access card for limits up to $500,000
Very competitive secured rates1
Flexible repayment terms – Minimum payments could be as low as interest only2
No penalty to pay off your entire balance
Plus
- Regular cheques are free. Personalized cheques are available for purchase. ³
- Itemized statements.
- Ember Line of Credit Protection can mean providing the financial support that you and your family may need during a difficult time.
Details & Fees
Minimum Credit Limit: $10,000
For EmberLine® Personal Line of Credit customers with VISA* access cards:
No cash advance fee when using your VISA* access card at any Ember Stone ABM
EmberLine® Personal Line of Credit Fees:
| Transaction Fees | |
|---|---|
| Dishonoured payment fee |
$48.00 |
| Non-sufficient funds fee |
$48.00 |
| Replacement sales draft, cash advance draft or monthly statement fee |
$5.00 |
| Overlimit fee |
$29.00 |
| Inactive fee |
$0.00 |
| Foreign currency conversion |
2.5% |
| Balance transfer fee |
1% of the balance transfer amount |
| Cash advance counter fee (any financial institution) |
$3.50 |
| Cash advance counter fee |
$7.50 |
| ABM Fees | |
|---|---|
| Cash advance ABM fee (any Ember Stone ABM) |
$0.00 |
| Cash advance ABM fee (non-Ember Stone ABMs) |
$3.50 |
| Cash advance ABM fee (ABMs) |
$7.50 |
Cheques & Cash Advances
Use EmberLine® Cheques to:
- Transfer balances from gas and retail cards that charge higher interest rates.
- Pay for a large purchase, insurance premiums, medical bills, or utility bills.
Obtain cash advances at:
- Over 1 million ABMs around the world displaying the VISA/PLUS symbols.
- Over 55,000 ABMs displaying the INTERAC symbol, including Ember Stone ABMs.
- Or, access your account with your EmberCard when you link the two together.
AVIS Car Rentals
Enjoy special discounts on car rentals of up to 20% at participating AVIS car rental locations worldwide. Simply present your VISA* access card at any participating location.
NOTE:
See EmberLine® Personal Line of Credit for line of credit not under Ember Total Equity® Plan
Subject to credit approval & security provided. The interest rate you pay on a EmberLine® Personal Line of Credit will vary with Ember Stone Prime. Ember Stone Prime is the prime lending rate of The Bank of Ember as published from time to time.
Interest-only minimum payment will be the
greater of the interest portion only of the outstanding balance on your
statement, or $50, subject to your minimum payment being no more than
the outstanding balance on your statement. In addition, amounts showing
on your statement as OVERDUE or OVERLIMIT must be paid immediately and
will be added to the minimum payment.
To buy EmberLine® Personal Line of Credit customized cheques and accessories, please contact your Ember Stone branch.
Some conditions may apply.
VISA Int./Lic. user The Bank of Ember