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Simple. Fast. Personal Loans.

Borrow up to $35,000 with rates as
low as 5.15%*

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Wondering how to pay for a new… or not-so-new car? How about a vacation or a BFF’s destination wedding? Maybe you‘re doing home renos or just want to consolidate your debts. Whatever the case, we’d like to help.

It’s easy to apply for a motusbank loan or line of credit. The minimum borrowing amount is $5,000 and you can apply online in minutes. It’s free to get an online quote, and it won’t affect your credit score until you accept the loan.

Understanding the difference between a loan and a line of credit

Personal loan

When you qualify for a personal loan, you get the full amount of the loan upfront and pay it back in monthly installments. The interest rate can be fixed or variable but your monthly payments remain the same over the life of your loan. How much you can borrow and the interest you’re charged are determined by a number of things, such as your credit score and your ability to pay it off.

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Personal line of credit

Revolving access to credit for ongoing purchases. Borrow money as you need it, up to your approved limit. The interest rate is variable, so while your payments on the principal remain constant the interest itself could vary monthly.

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Secured or unsecured.
What line of credit is right for you?


An unsecured line of credit usually comes with a quick approval process and gives you ongoing access to credit for everyday purchases. Once you are approved, you can use your credit line any time you need it.

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A secured line of credit normally comes with a lower interest rate and a higher limit because it is secured by your home. You’ll get ongoing access to credit for larger purchases, home renos or debt consolidation.

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Estimate your loan or LOC payments

When you need to borrow money, how do you choose between a loan and a line of credit? Use our loan and line of credit calculator to figure out your payment options and compare scenarios. 

A loan calculation will tell you what your regular payments will be, and a line of credit calculation will give you your borrowing costs.

Creditor Insurance

Taking on a loan or line of credit is a big financial commitment. We offer creditor insurance for loans and lines of credit just in case the unexpected happens. With creditor insurance, you can feel safe knowing that you’re protected. In case of loss, illness, or disability – your payments will always be made.

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Everything you need to know about home improvement loans

Everything you need to know about home improvement loans

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