Need new wheels?
Get approved for that perfect ride today!
- Your full name
- Birthdate
- Address
- Proof of employment
Loans
We're here to lend you a hand
Reno's, pickups and trips. Oh my! We have the right solution to get you where you want to be.
Taking a trip?
Make your dream vacation memorable.
Renovating?
Afford the upgrades you really want.
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Summer Loan Special
Looking for a new recreational vehicle this summer? Choose a 1-5 year term for the purchase of any recreational vehicle AND take advantage of a cashback option!
Don't miss out on our special limited time rate of 7.5%!
Why choose Stride?
Payment Calculator
Use our payment calculator to find out how much it will cost to replace that 1970's carpet from the downstairs bathroom.
Getting a loan is as easy as:
Apply now
You can apply online or book an chat with us, so we can collect the information we need (see below).
Get a decision
We'll personally review your application and let you know within 24 business hours if it has been approved.
Sign and finalize
If approved, simply book a time in-branch to finalize the paperwork or e-sign from home.
What kind of information will we need from you?
Your loan questions answered
Are there different types of loans?
There are several different options for loans. Examples include:
- Variable rate – the interest rate is typically posted as Prime rate plus a percentage. It also fluctuates with our Prime rate, meaning it can go up or down which could impact how long you'll be paying off the loan.
- Fixed rate – as it states, the interest rate on this type of loan is fixed for the entire term. It won't move up or down, and your payments will never change.
- Open loans – all of our loan products are "open", which means you can make extra payments or pay it off at any time, without penalties.
- Purposes – loans can be used to finance vehicles, renovations, RRSPs, education, vacation, consolidation, recreational vehicles... almost anything you can think of!
What's the difference between a loan and a line of credit?
A loan is a fixed amount of money with a fixed repayment period. It's fairly straightforward. You know what you'll borrow, for how long and how much you'll pay. Easy, right?
A line of credit is a revolving loan that lets you borrow up to a certain approved limit. You only pay interest on the amount that you have used and the interest rates are generally lower than what you'll pay with a credit card. You may want to set up a line of credit so you are prepared for emergencies, or you may want to pay off a higher interest credit card. A line of credit can also offer you protection against overdrawn accounts.
Making payments on time is the most important action you can take to improve and maintain a good credit score.
Can I take out a loan to invest?
Known as "leveraging", taking out a loan to invest is a great way to boost your investment portfolio, especially when interest rates are really low. If you are earning more on your investments than you are paying in interest on the loan, you're doing it right.
Leveraging is a more advanced investment strategy and should be included in a full financial plan with a trusted advisor. Thankfully for you, we have a number of exceptional folks who can help. Give them a call today!
What is an RRSP loan?
An RRSP loan is a great way to help you achieve your dream retirement. You can catch up on missed contributions from previous years. Not only does it jumpstart your retirement savings for tomorrow, but it also helps reduce your taxes today!
Speak with one of our lending advisors to find out more about RRSP loans.
Have more questions?
Don’t hesitate to reach out! Our experts will happily help you figure out your options and what they mean for you.
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