We all dream of the perfect home to live in. Whether it's a first home, an upgrade, downsize or major renovation, there's a lot to think about. At Edam Credit Union, we can help make sense of it all.
Contact us to discuss with one of our lenders, the best option for your situation. You'll be glad you did!
If you have RRSP Investments, you may also be interested to learn more about the The Home Buyers’ Plan (up to $25,000.00 can be withdrawn without immediate taxation to be used towards a down-payment for first-time home buyers).
Line of Credit
Line of Credit
A line of credit is an authorized overdraft limit that is attached to your chequing account. You only pay interest on the amount used - interest is calculated on the minimum daily balance and paid at the end of each month.
This is a great product that provides you with ready cash for day to day expenses that may not be timed exactly with your revenue stream. Contact us today to book your appointment with one of our lenders.
A quick loan is revolving credit which provides loan funds on a continuing basis without continual applications each time funds are required. You apply once, receive a limit and establish affordable payments, then it's yours to spend when you need it, as you see fit.
Once you've paid the loan down you can have funds re-advanced without re-applying - just give us a call and request for the the funds to be deposited to your account of choice. Contact us to learn more.
A term loan is for a specific amount that has a specified repayment schedule. Term loans almost always mature between one and 10 years.
This kind of loan can help you buy a car, furniture, appliances, recreational equipment, or investments. Or, use a term loan to consolidate your debts and lower your monthly payments and interest costs. Contact us.
Conveniently finance a vehicle, RV, quad or boat right at the dealership, while still ensuring that your loan remains with your local credit union. This service makes weekend buying simpler when your credit union is closed.
Dealer financing is available throughout Saskatchewan. Ask for credit union financing , via Edam Credit Union. You also have the option to be pre-approved at our office to make the experience more streamlined.
Take full advantage of your RRSP deduction limit and minimize the income tax you pay. The RRSP Loan can help provide you with the secure and comfortable retirement you are dreaming of.
There are diverse repayment options, including terms of up to ten years.
Our lenders would love to discuss your situation, contact us today.
An affordable loan product designed specifically to assist with the costs of post-secondary education. If you are a post-secondary student, you make interest-only payments while attending school. There's also a 6-month grace period when you graduate.
An education loan could be used to supplement a government student loan, if additional funds are needed.
Let's talk, contact us today.