Borrowing solutions for specific goals.

At Mainstream Credit Union, we take the stress out of obtaining a loan. We understand you don’t always have the money you need when you need it. That’s why we offer so many options when it comes to loans, lines of credit and credit cards. We want to help you to find a credit solution that’s ideal for your personal situation – one that’s made just for you.

Personal Loans

Looking to purchase a new car, install energy efficient upgrades, take a well-deserved vacation, renovate your home or make other major purchases? At Mainstream Credit Union, we want to help you borrow the money you need, and we’re dedicated to making sure the loan or line of credit you choose is just right for you. Quite simply, we can help you borrow what you need on terms that are affordable, flexible and convenient for you.

Investment Loans

Sometimes it pays to borrow to invest. Maybe you haven’t enough funds on hand to contribute the maximum to your RRSP. With an Mainstream Credit Union investment loan you can take advantage of the tax benefits today as you build your savings for retirement. The amount you save on taxes could be more than the interest you’ll pay on the loan. Contact us today and we'll be happy to help you choose the option that works best for you.

Outdoor Adventure Loan

Looking to buy a recreational vehicle (RV)? Mainstream Credit Union offers convenient and flexible financing solutions to help get you on the road. Whether you want to explore the land or fund the purchase of a motor home, an Outdoor Adventure loan can provide you with the funds you need.

The perfect home starts with the right mortgage

Benefits of a home equity loan or mortgage refinance from Mainstream Credit Union may include lower interest rates and ZERO charges at closing. Since a home equity loan or refinance is a secured debt, the average interest rate is typically lower than what you'll pay on an average credit card or other form of unsecured debt. With Mainstream Credit Union, you will not have to pay any application fees, origination fees, or appraisal fees. Additionally, a home loan with Mainstream Credit Union also offers potential tax savings as interest payments may be tax deductible depending on how you use the loan. Consult your tax advisor as to the deductibility of your interest.

Everyone's financial situation differs; it is important to recognize what you can comfortably afford to borrow. In general, the loan amount you can afford depends on four factors:

• Your debt-to-income ratio, which is your total monthly payments as a percentage of your gross monthly income
• The amount of cash you have available for a down payment and closing costs
• Your credit history
• The value of the property you are purchasing
• For a better understanding of how much you can afford to borrow, use Discover’s Affordability Calculator.

Preferred Rewards members may qualify for an origination fee or interest rate reduction based on your eligible tier at the time of application. Depending on your tier, you may be required to enroll in PayPlan from an eligible Bank of America deposit account at least 10 days prior to loan closing in order to receive the full program benefit.

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