For many Canadians, borrowing money is essential in
order to make larger purchases such as a car, a vacation,
a house or to pay for post-secondary education.
When you obtain credit and use it wisely by making
repayments on time, you also accumulate a
credit history and build a strong credit rating.
There are several ways that you can borrow money:
By using a credit card, a personal line of credit
or by taking out a car loan or a mortgage.
The type of lending product that’s right for
you depends on several things, including what you’re
buying, when you plan to pay back the loan and whether
you’re making a one-time purchase or ongoing purchases.
Here are some of the lending options you may wish
to consider:
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Car loans — Solutions to help you buy the car you want |
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Line of credit — A convenient way to borrow money whenever
you need it |
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Mortgages (home
loans) — Long-term borrowing to help you
buy your own home. |
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The content of this website is provided
for the general guidance and benefit of our clients.
This website is for informational purposes only and is
not intended to provide specific advice. See
full disclaimer. |
