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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.

 
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Need new wheels?

Get approved for that perfect ride today!

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Taking a trip?

Make your dream vacation memorable. 

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Renovating?

Afford the upgrades you really want. 

 
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Holiday Loans are back!

Set yourself up for a stress-free festive season and contact us for a holiday loan!

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. 

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Getting a loan is as easy as:

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Apply now

You can apply online or book an chat with us, so we can collect the information we need (see below).

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Get a decision

We'll personally review your application and let you know within 24 hours if it has been approved.

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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 full name
  • Birthdate
  • Address
  • Proof of employment
 

Your loan questions answered

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!

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. 

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!

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. 

BOOK A CHAT

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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Let's set you up with a loan!