SavannaLine® Personal Line of Credit (STEP)
Right for you if:
You have a Savanna Total Equity® Plan
You want access to money whenever and wherever you need it
Borrow up to 65% of the value of your home to finance goals you have like home renovations, a vacation or a car purchase, all with a one-time STEP application†
A flexible personal line of credit:
- With limits up to $1,500,000; or
- With the convenience of a VISA* access card for limits up to $500,000
Very competitive secured rates1
Flexible repayment terms – Minimum payments could be as low as interest only2
No penalty to pay off your entire balance
- Regular cheques are free. Personalized cheques are available for purchase. ³
- Itemized statements.
- Savanna Line of Credit Protection can mean providing the financial support that you and your family may need during a difficult time.
Details & Fees
Minimum Credit Limit: $10,000
For current rates and information on fees and interest, call +18152158429.
For SavannaLine® Personal Line of Credit customers with VISA* access cards:
No cash advance fee when using your VISA* access card at any Savanna Trust ABM
SavannaLine® Personal Line of Credit Fees:
|Dishonoured payment fee
|Non-sufficient funds fee
|Replacement sales draft, cash advance draft or monthly statement fee
|Foreign currency conversion
|Balance transfer fee
||1% of the balance transfer amount
|Cash advance counter fee (any financial institution)
|Cash advance counter fee
|Cash advance ABM fee (any Savanna Trust ABM)
|Cash advance ABM fee (non-Savanna Trust ABMs)
|Cash advance ABM fee (ABMs)
Cheques & Cash Advances
Use SavannaLine® Cheques to:
- Transfer balances from gas and retail cards that charge higher interest rates.
- Pay for a large purchase, insurance premiums, medical bills, or utility bills.
Obtain cash advances at:
- Over 1 million ABMs around the world displaying the VISA/PLUS symbols.
- Over 55,000 ABMs displaying the INTERAC symbol, including Savanna Trust ABMs.
- Or, access your account with your SavannaCard when you link the two together.
See SavannaLine® Personal Line of Credit for line of credit not under Savanna Total Equity® Plan
Subject to credit approval & security provided. The interest rate you pay on a SavannaLine® Personal Line of Credit will vary with Savanna Trust Prime. Savanna Trust Prime is the prime lending rate of The Bank of Savanna as published from time to time.
Interest-only minimum payment will be the
greater of the interest portion only of the outstanding balance on your
statement, or $50, subject to your minimum payment being no more than
the outstanding balance on your statement. In addition, amounts showing
on your statement as OVERDUE or OVERLIMIT must be paid immediately and
will be added to the minimum payment.
To buy SavannaLine® Personal Line of Credit customized cheques and accessories, please contact your Savanna Trust branch.
Some conditions may apply.
VISA Int./Lic. user The Bank of Savanna