* OAC. Term and conditions apply.
¹ Rate based on a minimum loan of $3500 for a five-year term. Rates subject to change without notice. OMISTA Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by OMISTA Credit Union. The interest rate on your loan will change whenever OMISTA Prime varies.
² Rate based on a minimum loan of $3500, 84-month maximum loan term. Rates subject to change without notice. OMISTA Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by OMISTA Credit Union. The interest rate on your loan will change whenever OMISTA Prime varies.
³ For Line of Credit's above $50,000 and GMP CUMIS coverage is depending on qualifications of the borrower, they must pass CUMIS screening in some instances to qualify and there are age limits.
Loans
Flexibility for wherever you are in life
Find the loan to fit your next big goal
Personal
Perfect for you if…
A convenient solution when funds are needed for important purchases, or a consolidation of debts into one low cost payment
Key benefits
- Repay your loan faster with weekly or bi-weekly payments
- No penalty for extra payments or early repayment
- Make extra payments any time, in any amount, and as often as you want
- Semi-annual statement of loan account
- Online banking access to information 24/7
Student
Perfect for you if…
are looking for an affordable way to make continuing education possible. Students can borrow to assist with the cost of attending a post-secondary educational institution, including community college, university, or techincal school.
Key benefits
- Loans or lines-of-credit are available to full or part-time students(a co-signer may be required), at very competetive interest rates.
- While in school, you pay only for the interest on your loan or line-of-credit.
- Regular loan payments on the principal do not begin until six months after you are no longer a student
- Additional 6 months may be negotiated if student is unemployed
- Repayment amortizations up to 10 years, depending on loan balance.
- We offer CUMIS insurance for loans on Life, Disability and Critical Illness.³
RRSP
Perfect for you if…
With rates as low as prime, provide an opportunity for you to maximize your RRSP contribution and to take advantage of maximum tax benefits today while providing for your future retirement.
Key benefits
- Take advantage of unused carry-forward amounts or maximize your yearly contributions by borrowing and taking up to 10 years to repay.
- The tax refund you may receive could be used to pay down your loan balance, make next year's contribution early, or for anything that's important to you.
Home Equity
Perfect for you if…
Use the equity in your home to give you the financial freedom you require to make those necessary home renovations, do some well-deserved travelling, pay off high-interest debts, or for whatever lifestyle goals you may have in mind.
Key benefits
- Saves money - lower interest rate due to security.
- Peace of mind with life, disability, critical illness and job loss insurances available.
- Value of loan up to 80% of current appraised property value
- Fixed or variable rate with flexible repayment schedule
Vehicle
Perfect for you if…
you are looking for a pre-approved loan for a used or new, car, truck, boat, recreational vehicle or other motorized equipment
Key benefits
- Flexible repayment terms up to 7 years
- Repay your loan faster with weekly or bi-weekly payments
- No penalty for extra payments or early repayment
Green Choice Home
Perfect for you if…
You're passionate about the environment. Our Green Choice Home Loan lets you finance eco-friendly home upgrades with favorable rates and flexible repayment options over 1 to 5 years.
Key benefits
- Interest rate at prime + 1%¹
- No penalty for extra payments or early repayment
- Make extra payments any time, in any amount, and as often as you want
- Term of 1 to 5 years*
- Minimum loan amount $3,500 to maximum of $50,000
Green Choice Transportation
Perfect for you if…
You care about the environment and want your transportation to reflect that. Our Green Choice Transportation loan helps you reduce carbon emissions by purchasing various environmentally friendly transportation choices for up to 7 years.
Key benefits
- Interest rate at prime + 0.5%² for a new vehicle or prime + 1%² used.
- No penalty for extra payments or early repayment
- Make extra payments any time, in any amount, and as often as you want
- Term of 1 to 7 years*
- Minimum loan amount $3,500
Get your loan more ways
Not sure which loan is right for you?
We’ll be happy to help you pinpoint the option that best suits your needs.
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We have a card to fit your life
We know credit cards are not a one-size-fits-all. That is why we offer a full suite of personal and business cards, so you can choose the one that works best for you.
Take a look at the latest, competitive rates on offer for our lending solutions.
Try our calculator for help finding a loan that suits you and your budget.
Level up your financial know-how
Guide to borrowing
Any time you take on debt, it’s important to understand the ins, outs, and implications of your choices.
What is a credit score?
You’ve likely heard of credit scores, but what exactly do they mean for you and your finances.
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Copyright 2024 OMISTA Credit Union. All rights reserved.
Copyright 2024 OMISTA Credit Union. All rights reserved.
