Home Equity Line of Credit (HELOC)
Financing on your home, for your life.
Use what you have
Renovating your basement. Funding your child's education. Snowballing your debt. We make it easy to use what you have to get what you need.
Borrow on your timetable
Apply once, and this HELOC is yours as long as you need it. It renews automatically—as you pay down your balance, you regain access to those funds.
Repay on your terms
Make the minimum monthly interest payment or pay more—up to the entire balance. There's no repayment deadline and no fixed term.
Key product details
| Interest rate | Variable, based on ATB's prime rate |
| Fees | Set up fees may apply1 |
| Credit limit | Up to 65% of home equity2 |
| Repayment schedule | Flexible |
Frequently Asked Questions
Yes. You can take out a HELOC on a rental or investment property, as long as it's residential.
You may have to pay for an appraisal on your home to qualify for this HELOC. Appraisals typically start at $275 and can go up based on the size and location of your home. As well there may be Land Titles registration and legal fees that would need to be considered when opening a new HELOC.
Ready to get started?
You've put everything into your home. It's time you got something back—like the Home Equity Line of Credit.
Find the line of credit that's right for you
Flexible, convenient and available
ATB Flex Home Equity Line of CreditTM
Turn your home equity into a powerful tool for low-cost financing. As your mortgage gets paid down, your access to funds increases.
Leverage your existing assets
Home Equity Line of Credit (HELOC)
Put your home to work for you. With a preferred interest rate, redo your kitchen, build an addition or consolidate your debts.
Create a financial cushion
Personal Line of Credit
Set a limit and borrow at low interest—no running into overdrafts or scrambling for another form of payment while shopping.
Set up fees may apply which can affect the annual percentage rate (APR).
Based on approved credit and subject to any prior outstanding mortgage or other encumbrances.
Related documents: Little Book of Personal Line of Credit (PDF)