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Loans & Financing Account
Loans & Financing
Flexible Financing for Life’s Big Plans.
Vaughan Credit Union offers a range of loans and financing solutions to help you move forward with confidence—whether you’re consolidating debt, financing a vehicle, renovating your home, or covering an important milestone.
With competitive rates, flexible terms, and local decisions made by people who understand life in Canada, we work with you to build a repayment plan that fits your budget and long-term goals.
- Personal loans for major purchases, projects, or unexpected expenses
- Lines of credit for ongoing access to funds when you need them
- Vehicle and home improvement financing options
Why Vaughan CU
Loans & Financing Designed Around You
Competitive Rates
Enjoy fair, transparent interest rates on personal loans, lines of credit, and other financing solutions.
Flexible Repayment
Choose repayment schedules and terms that align with your income, cash flow, and goals.
Local Decisions
Lending decisions made by Vaughan CU specialists who understand your community and needs.
Personalized Advice
Work one-on-one with our advisors to choose the right borrowing solution and stay on track.
Our Process
How to Apply for Loans & Financing
Step
Tell Us About
Your Goals
Share what you’d like to finance—debt consolidation, home projects, a vehicle, education, or other needs—so we can recommend the right solution.
Step
Complete Your
Application
Apply online or in-branch, provide your income and identification details, and authorize a credit review so we can assess eligibility.
Step
Review Offer &
Receive Funds
If approved, review your loan or line of credit terms, sign your documents, and receive funds directly into your Vaughan CU account.
Loan Details
Requirements, Features & Eligibility
Required Documents
- Valid government-issued photo ID (e.g., driver’s licence, passport)
- Proof of income (pay stubs, employment letter, or tax documents)
- Proof of Canadian address (utility bill, lease, or bank statement)
- Current details on existing debts and obligations
- For secured loans: details on collateral (e.g., vehicle or assets)
Key Features
- Personal loans with fixed or variable interest options
- Lines of credit for flexible, reusable access to funds
- Financing options for vehicles, renovations, and major purchases
- Convenient repayment through pre-authorized debits or online banking
- Option to make extra payments on many loans to reduce interest over time
- Local support from Vaughan CU advisors throughout the life of your loan
Eligibility
- Age: Typically 18+ at the time of application
- Resident of Canada with a valid mailing address
- Stable income or employment, or other acceptable income sources
- Credit history and debt servicing ability meeting Vaughan CU guidelines
- Additional conditions may apply depending on loan type and amount
- All applications are subject to credit approval and verification
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Testimonials
What Our Members Say
Real stories from members who’ve trusted Vaughan Credit Union with their everyday banking and long-term goals.
Sarah Thompson
Customer Since 2012“Vaughan Credit Union helped me save for my first home and walked me through every step of the mortgage process. I never feel like just a number here.”
Daniel Rivera
Small Business Owner“The team at Vaughan CU understood my business and approved the financing I needed to grow. It feels like having a financial partner, not just a bank.”