Borrowing

Loans

Looking for a fast and simple borrowing solution? Get great rates to deal with all of life’s opportunities and challenges. Our loans are designed to aid your individual needs. Once approved, you’ll enjoy access to a predetermined lump sum of money with a repayment schedule that fits your budget.

PERSONAL LOAN

Renovating your home, looking to invest, dealing with an unexpected expense or wanting a way to consolidate your debt? Whatever the reason, a Moya Financial personal loan can help. We can work together to find the best solution.

FEATURES
  • Fixed or variable options available at competitive rates.
  • Weekly, bi-weekly, or monthly fixed repayment plan. A predictable amount at a known interval for budgetary peace of mind.
  • Prepay at any time without penalty.
  • Flexible repayment terms up to 7 years.

AUTO LOAN

Fixed or variable options available at competitive rates. Weekly, bi-weekly, or monthly fixed repayment plan. A predictable amount at a known interval for budgetary peace of mind. Prepay at any time without penalty. Flexible repayment terms up to 7 years.

FEATURES
  • Fixed or variable options available at competitive rates.
  • Weekly, bi-weekly, or monthly fixed repayment plan. A predictable amount at a known interval for budgetary peace of mind.
  • Prepay at any time without penalty.
  • Flexible repayment terms. Finance up to 100% of the purchase price of a new vehicle.

RRSP LOAN

​If you want to contribute to your RRSP but don’t have the funds, come talk to us. We’ll lend you the money you need to help save for retirement.

FEATURES
  • Available at prime rate.
  • Weekly, bi-weekly, or monthly fixed repayment plan. A predictable amount at a known interval for budgetary peace of mind.
  • Prepay at any time without penalty.
  • Flexible repayment terms up to 5 years.
  • Available throughout the year to allow you to take advantage of a longer growth period.
  • RRSP must stay at Moya Financial until the loan is paid off in full.

Lines of Credit

​Convenient and economical to cover life’s intermittent borrowing needs. A line of credit is an ongoing loan that allows you to borrow any amount, for any reason, at any time. Similar to a credit card, but with a much lower interest rate, you get easy access to your pre-arranged limit. Protect your account from overdrafts or insufficient funds, cover unexpected expense – the choice is yours.

PERSONAL LINE OF CREDIT

A personal line of credit is an unsecured revolving account with a variable interest rate, allowing you to borrow money as you need it. It’s more economical than a credit card cash advance, and more flexible than a personal loan.

FEATURES
  • Competitive rates where you pay interest only on the amount that you borrow, for the number of days you use it!
  • It’s there when you need it, but does not cost you anything when you’re not using it.
  • Access is as easy as using your MemberCard® debit card or writing a cheque.

STUDENT LINE OF CREDIT

​When scholarships and savings won’t cover all your education costs, we can help. With Moya Financial, you’ll always enjoy fast access to funds and great ways to save during repayment. The funds can be used for tuition, books, living expenses, and much more.

FEATURES
  • Up to $20,000 in available funding with interest-only payments due while enrolled at a post-secondary institution, up to four years in duration.
  • Only pay interest on the amount that you borrow, for the number of days that you borrow.
  • It’s there when you need it, but does not cost you anything when you’re not using it.
  • Access is as easy as using your MemberCard® debit card or writing a cheque.

Investigate student loans and grants through OSAP! Whatever they can’t provide, we’ll fill in the gap. Find more information here.

MERITLINE HELOC

​Use the equity in your home and borrow money at prime. Renovate your home, buy a car, or pay for your child’s education. The possibilities are endless.

FEATURES
  • Competitive rates for a credit line amount that is up to 80% of your home’s value and is secured by your home.
  • The line can be prepaid at any time.
  • You pay interest only on the amount you borrow, for the number of days that you borrow.
  • Access is as easy as using your MemberCard® debit card, writing a cheque, withdrawing cash or transferring funds into your personal account.

HERE TO HELP

Please call our Lending Services and speak to a Credit Specialist if you’d like more information.

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