Borrowing Made Flexible and Easy

At Sunrise Credit Union, we're in the business of helping people get more out of their lives. And we want you to feel welcome to talk with us about your financing needs, whatever the reason.

Renovation Loan? A new vehicle? Maybe a much deserved trip to the tropics. If you can dream it, Sunrise can make it happen.

We offer competitive rates and experienced lenders who can help determine the best option for you in terms of fixed or variable rates, replayment options and life and disability insurance.

Borrowing Quick Facts

Fixed Rate

The interest rate is determined at the outset and will not change for the chosen term of your loan. You'll know exactly what interest you'll be paying on your loan and your payments will not change. This option protects you from market volatility, particularly increases in loan rates. You may switch to a variable rate loan upon the maturity of your term if loan rates fall and look to be staying lower.

Variable Rate

With a variable rate, your interest is subject to the ups and downs of the Prime Rate. You can save interest when the rate goes down, but are responsible for the increases when rates rise. In most instances, your payment will remain constant, but may be adjusted upward to reflect an increase in the Prime Rate. And you can switch to a fixed rate at any time.

Repayment Options

You can select from semi-monthly, bi-monthly, bi-weekly or weekly options and these payments can be automatically withdrawn from your chequing account. You can always make a higher payment or pay off the loan in full without penalty.

Insurance Protection

Your Sunrise Credit Union loan specialist will discuss options to protect yourself in the event of a change in your ability to repay due to illness. Life and disability options are available.