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Loans & Lines of Credit

No matter the goal, we're here to help you find the right financial solution with our flexible borrowing options.


Explore our personal lending solutions

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Personal Loans

A personal loan can help fund a major purchase, pay for education, or consolidate high interest rate debt - the choice is yours.
  • Terms from 1-5 or 7 years
  • Choose weekly, bi-weekly, semi-monthly or monthly payment schedule options
  • Repay whole or part of the loan at any time without penalty
  • Competitive rates
  • Quick, local approvals


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Investment Loans

Maximize your annual RRSP or TFSA contribution or catch up on unused contribution room with an investment loan.

Short-Term Loans

  • Minimum amount $5,000
  • No maximum
  • 1-5 year amortization
  • Fixed interest rate of Prime - 1%
  • Repay whole or part of the loan at any time with no penalty
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Lines of Credit

Life can be unpredictable, have peace of mind knowing that money is available at any time through a line of credit attached to your account.

  • Only pay interest on the funds you use
  • Attached to your chequing account, providing overdraft protection
  • As you pay the line off, the money is available again
  • Competitive rates
  • Local approvals
  • Interest is calculated and debited from the account on the last business day of each month
  • Deposit to the account of an amount equal to or greater than the previous month's interest charge is required by the 27th day of the month
  • Prime + 1%
  • Pay interest only while in school
  • 12-month grace period
  • No min. or max. amount

*For post secondary students with a minimum of 60% course load
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EnergySave Loans

Finance your green home upgrade with affordable rates and flexible payment terms.
  • Loan amounts starting at $3,500
  • Prime + 0.75%*
  • Terms up to 10 years

Eligible Upgrades

  • Insulation
  • Energy efficient windows and doors
  • Heat pumps and energy efficient furnaces
  • Solar panels

Want to make sure your project qualifies?

Contact us


Ready to apply?

Start your borrowing journey in just a few clicks with our easy online application.

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Try our loan calculator

Find out how much home you can afford with different terms and payments.

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Check out our competitive rates

Explore our competitive rates based on Northern Savings’ Prime rate.

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Need help getting started?

Our team of local lending experts can answer your questions.

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