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Using a loan for home renovations.

Flexible financing when you need it most 

Looking to renovate your home? Want to establish a credit rating or consolidate outstanding debts? Whatever your need or dream, a flexible financing solution from IC Savings is available when you need it most.


​A human approach to granting credit

At IC Savings we take a more personal approach to granting loans and credit lines, considering all of your individual circumstances, rather than applying automated scoring models that treat everybody the same. We use a thoughtful process to guide our lending decisions. Know that we will take the time to listen to you and build a loan or line of credit that is in your best interest.

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What type of loan or credit line do you need?


Personal Loan


Get the funds you need now, and handle debt comfortably. Payments can be structured to suit your cash flow. 

Key Features
  • Repay all or part of the loan any time, without penalty.

  • Save money by making payments more often to cut interest costs.

  • Secures loans can access a better interest rate and larger loan amounts. 

  • Choose fixed or variable interest rate.

  • Choose your payment frequency.

  • Set the term for repayment.

Personal Line of Credit


Set up a reserve of funds that you can draw upon quickly and conveniently and pay interest only on the money you do use. 

Key Features
  • Offered as a secured or unsecured line.

  • Secured lines offer better interest rates and higher credit limits.  

  • No monthly fees. Pay only the interest when you use the line. 

  • No need to reapply each time you borrow. 

  • No fixed repayment period.

  • Interest charges are calculated as a per cent above the prime rate.

Home Equity Line of Credit (HELOC)


If you've built up equity in your home, you may be eligible for a secured home equity line of credit. 

Key Features
  • Large investments such as property.

  • Benefiting from a strong real estate market.


Talk to one of our experienced team members. We’ll guide you through each step of the borrowing process.


Our loan calculator will crunch the numbers to estimate your payments, determine when you'll be paid off and more.


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Save more with no-fee 3.9% balance transfers

Transfer balances to your IC Savings Visa* credit card at this special transfer rate for six months. Bonus: you won't pay a transfer fee! On for a limited time, conditions apply.