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NEED A LOAN WITH A GREAT RATE?

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Personal Loan

 When you qualify for a personal loan, you get a lump sum of money upfront and pay it back over time in monthly payments. The interest rate is usually fixed which means the monthly payments are more predictable and stay the same over the life of the loan.


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Line of Credit

A line of credit can provide greater flexibility since it allows you to readily borrow money as you need it, up to your approved limit. The interest rate is variable, so the interest you pay can vary month to month.


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Home Equity
Line of Credit

A home equity line of credit is secured by the equity in your home, giving you access to credit for larger purchases. The interest rate is variable, so the interest you pay can vary month to month. Plus, for a combined mortgage and line of credit, check out the Meridian Flex Line Mortgage. 


SECURED VS UNSECURED?

Loans and lines of credit are available as secured or unsecured products. Secured loans and lines are protected by collateral or assets in case of default. When a loan or line is secured, you can usually qualify for a larger amount and get a better interest rate than you might have otherwise.


ESTIMATE YOUR LOAN OR LINE OF CREDIT PAYMENTS

How much can you afford to borrow? What payment strategy works best for you? Whether you're looking for a loan or a line of credit, use our calculator below to compare scenarios and better understand your borrowing options.

A home equity loan or line of credit can usually help you get the highest amount and the best rate.


TALK TO US NOW

Our Meridian financial advisors are always willing to discuss which loan or line or credit works best for you.
Come talk to us in-branch or contact us by phone.

1-866-592-2226

Peace of mind for when the unexpected happens

Taking on a loan or line of credit is a big financial commitment. Meridian offers creditor insurance for loans and lines of credit just in case the unexpected happens. With creditor insurance, you can feel secure knowing that you are protected. In case of loss, illness, or disability – your payments will always be made.

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