Banking

Advantage account

You’ll receive a high rate of interest on every dollar you deposit into this chequing account. With a multitude of deposit and withdrawal options, including online and telephone transfers, pre-authorized chequing and bill payments, debit card access and low fees, it’s an industry-leading account.

Home Equity Line of Credit

The concept of having an Equity line of credit account makes perfect sense: bring all your banking together to simplify your finances so your income and savings can work harder to reduce debt faster.

-Consolidate your debts

When you open an account, we could lend you up to 80% of the appraised value of your home. You use this money to pay off the balance of your existing mortgage, personal lines of credit and any other outstanding debts you might have. Now you pay one low interest rate on every dollar you borrow.

-Put your income to work

By adding your regular income to your equity line of credit account, you further reduce your debt the instant the deposit is made. Your income is immediately working for you to reduce loan interest costs until you need it for your monthly expenses. With even one extra dollar of your income in your account, you reduce your debt faster and so you pay less interest.

-Put your savings to work

If you’re tired of earning little or no interest on your chequing account, savings balances and short-term investments,Equity line of credit can help put that money to work for you. It applies those balances against your borrowings, instantly reducing your total debt… and saving you much more in interest costs than you’d likely ever make in interest earnings! And, you can take it back out whenever you want (up to your borrowing limit).
Equity line of credit could save you thousands in interest costs and help you become debt-free years sooner compared to your old way of banking.

Talk to a specialist today, it’s free!

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Investment loan

If you want to contribute to the non-registered portion of your retirement fund, you may want to consider a Manulife Bank Investment Loan. Investment leverage can be a powerful strategy. Leveraged investing involves greater risk than investing your own money. Please contact us for a personal review, to determine whether leveraged investing is suitable for you.

RRSP loan

One of the key benefits of contributing to an RRSP is that it immediately reduces the amount of income tax you need to pay. If you don’t have the cash to make a contribution, an RRSP loan is an excellent alternative. And Manulife Bank offers an attractive floating interest rate, flexible payment options and no fees.
Insurance products and financial planning services are offered through Cloran Financial Planning. Manulife Securities Disclaimers Mutual Funds are offered through Manulife Securities Investment Services Inc. Banking products are available through referral