Tangerine Line of Credit
Tangerine, Scotiabank's digital-only subsidiary, offers a competitive unsecured line of credit with no annual fee and fully online management.
Last checked on May 15, 2026. We may earn a commission when you click through.
The Tangerine Line of Credit offers flexible access to funds with competitive rates, but may not suit those with lower credit scores.
Tangerine Line of Credit
Updated 1 day ago| APR | Amount | Term |
|---|---|---|
| 7.45–12.45% | CA$1,000–CA$50,000 | 12–60 mo |
Requirements
Canadian resident
Tangerine client or new applicant
Good credit history
Decision
1-3 business daysOur Verdict
The Tangerine Line of Credit offers flexible access to funds with competitive rates, but may not suit those with lower credit scores.
Best For
It's best for Tangerine clients with a good credit history looking for an easily manageable line of credit.
Watch Out
Applicants with lower credit ratings might face higher APRs or might not qualify.
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About this loan
The Tangerine Line of Credit offers a competitive option for those seeking flexible borrowing without annual fees. Its fully online management makes it convenient for digital-savvy users.
What Customers Say
Borrowers generally appreciate the convenience and ease of managing their credit online, although some mention limited support options.
Expert Analysis
The Tangerine Line of Credit features an APR ranging from 7.45% to 12.45%, which is relatively competitive for unsecured lines. With amounts available from CAD 1,000 to CAD 50,000, it offers flexibility for various borrowing needs. Approval time is swift, typically taking 1-3 business days, which is advantageous for those needing quick access to funds.
In practical terms, a CAD 10,000 credit line at a 7.45% interest rate would mean approximately CAD 62.08 in monthly interest payments if fully drawn. This makes it a viable option for managing expenses or consolidating debt. However, be aware that to qualify, you need a good credit history and must be a Tangerine client or applicant.
Customer service reputation is generally positive, but as a digital-only bank, support options can be limited compared to traditional banks. Make sure to explore all terms thoroughly, as hidden fees can sometimes arise in the fine print. If you're not already a Tangerine customer or have a credit score below 650, this may not be the right choice for you.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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