Try our new website for a faster, fresher, and smarter banking experience.

Old Old Version New New Version

Things you should know

  • Flexible interest payments

    Make a minimum interest payment per month when you utilise your Line of Credit

  • Easy access to funds

    Can access the money when you need it, like any bank account

  • Urgent use ready

    Ideal for quick and urgent needs

  • Possible additional fees

    Security registration or appraisal charges may apply

  • Cash collateral needed

    Requires funds as security

FAQs

What is a Secured Line of Credit?

A Secured Line of Credit is a flexible source of funds offered by ICICI Bank Canada, backed by your cash collateral and accessible whenever you need it.

How does the repayment work?

You are required to make minimum monthly interest payments only when you use the credit line, giving you flexible and manageable repayment options.

When can I access the funds?

You can access your Secured Line of Credit at any time. It works much like a regular bank account, allowing you to withdraw funds whenever needed.

What can I use it for?

It can be used for urgent expenses such as car repairs or home fixes, or to take advantage of investment opportunities, giving you quick access to money when needed.

Are there any additional charges?

Security registration and/or appraisal fees may apply when setting up your Secured Line of Credit.

Note: Security registration and/or appraisal fees may apply.

VIEW ALL FAQs

Disclaimer

PROCEED