Personal Loans and Lines of Credit


Need to borrow cash? You have options, and PenFi can help.

Whether you’re buying a car, paying tuition, or renovating your home, PenFinancial has flexible options to get you the money you need. With loans and lines of credit, a PenFinancial Advisor can help make your dreams come true.

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Lines of Credit

A line of credit provides greater flexibility than other financing options. It lets you borrow and pay back money as you need it. You have a set limit, but how you use the money is up to you.


Personal Loans

A personal loan gives you a lump sum of money upfront. The loan is repaid over a set time with a fixed interest rate, so you get a predictable payment and know exactly when the loan will be paid off.


Home Equity Line of Credit

A Home Equity Line of Credit is a great way to borrow up to 80% of the appraised value of your home. Secured on your house, the interest rate is lower than typical loans or lines of credits.



Car Loans

A PenFi car loan, with quick approvals and competitive interest rates, can get you the car you want, today.


Student Borrowing

A student loan or line of credit can offer an affordable solution to help a student cover the expenses of post-secondary education and achieve his or her dreams.


RRSP Borrowing

An RRSP loan can help you catch up on unused contribution room, or you maximize potential tax benefits and growth opportunities.

Banking at PenFi is about more than just the money.

It’s about financial solutions that generate prosperity for you and your community.

Our Truly Local Commitment is the heart and soul of our philosophy, where we believe the prosperity of our members and our communities go hand in hand. We commit a portion of our profits to support truly local initiatives, a living wage is our minimum wage, and we are a Certified B Corporation — just a few ways we’re invested in you and your community.

Learn about our TLC