Skip to main content

Explore your loan options


Home Equity Loan

Use the value in your home to make those necessary home renovations, do some well-deserved travelling, pay off high-interest debts, or towards whatever lifestyle goals you may have in mind.

Key features

  • Value of loan can be as much as 80% of your property’s value
  • All related costs (such as legal and appraisal fees) can be added to loan amount
  • Saves money with lower interest rate
  • Flexible weekly, bi-weekly, or monthly repayment options
  • Up to 15 years to repay, with renewal terms of 3 years
  • Life, disability and job loss insurance available

RRSP Loans

Maximize your RRSP contribution and take advantage of tax benefits today while saving for your future retirement.

Key features

  • Maximize your RRSP contribution
  • Minimum payments apply
  • Terms from 12 months to 15 years
  • 3 year renewal for fixed rate loans
  • Credit life insurance and disability insurance available
  • Option of investing in Mutual Funds**
*Fixed deposits remain for the duration of the term following repayment of the loan.
All lending is subject to credit approval within normal credit guidelines.

** Mutual funds and financial planning are offered through Credential Asset Management Inc. Commissions, training commissions, management fees, and expenses all may be associated with mutual fund investments and the use of an asset allocation service.  Please read the prospectus of the mutual funds in which investment may be made under the asset allocation service before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Credential Asset Management Inc. is a subsidiary of Aviso Wealth Inc. and is used under license.

Consolidation Loans

Bills piling up? Let NLCU help take the stress out of your life. Organize all your debts together into one manageable consolidation loan from NLCU.
Here at NLCU, we want your loans to help you, not to be a burden and add stress to your life. A consolidation loan lets you exchange all your monthly payments for a single, manageable payment on one loan - at a lower rate than what you're presently paying.

Click the apply now button for a consolidation loan below $30,000. For loans higher than $30,000 please give our Member Solutions Centre a call to get started.

Greener Home Loan

Make your home energy efficient with the NLCU Greener Home Loan. At a low interest rate of prime + 1%, you can borrow as little as $3,500 to make energy efficient upgrades to your home. An energy efficient home lessens your carbon footprint and reduces your energy costs. It’s better for the environment and it’s better for you.

Key features

  • Low interest rate at prime + 1.0%1
  • Term of 1 to 5 years
  • Minimum loan amount $3,500 to maximum of $50,000
  • No application fees
  • No penalty for extra payments or early repayment
  • Make extra payments any time, in any amount, as often as you want
To qualify, you need to make energy efficient upgrades to your home, such as:

  • Insulation upgrades
  • Solar equipment
  • Geothermal energy
  • Heat pumps/mini splits
  • Heat recovery ventilation systems
  • Oil and electric boiler/furnace conversions to propane
  • ENERGY STAR® windows, doors, furnaces, and/or appliances
1Rate based on a minimum loan of $3,500 for a five-year term. Rates subject to change without notice.
*Terms and conditions apply. 

Personal Loans

A personal loan is a convenient solution to get the things you want and need, or to consolidate debts into one lower-cost payment.

Key features

  • Competitive interest rates
  • Option of choosing a fixed or variable interest rate
  • No penalty for extra payments or early repayment
  • Repay your loan faster with weekly or bi-weekly payments
  • Credit life and disability insurance available
All loans subject to credit approval and normal credit guidelines.

Overdraft Protection


In the perfect world, you’d always have enough money in your bank account to cover bill payments when they are due or to take advantage of that one-day-only sale. In the real world, that’s often not the case.

Get the best of both worlds by managing your cash flow using NLCU’s overdraft protection. With this banking account feature, you can pay your bills and make purchases without the worry of being short on cash. Overdraft protection is also an easy way to help you maintain a good credit rating.


Go from application to approval fast


Explore how much you can afford to borrow with our loan calculator.

Select Image
Select Image

Protect yourself against the unexpected

Life happens. Credit life and disability insurance can protect you and your family from the unexpected.