Provincial Credit Union
Member owned credit union based in Charlottetown offering fixed and variable rate mortgages in open, closed, conventional, and collateral forms. A home equity line of credit is available up to 80% of appraised value. It lends Prince Edward Island.
Prepayment-penalty method
Standard penalty (about three months' interest)
Breaking early is penalized at roughly three months' interest, an open-style penalty that is generally on the lower, more predictable end.
See what breaking a mortgage early could costWho it tends to fit
- Self-employed and business-owner borrowers
- Refinances and equity take-outs
General signals only. Approval depends on the full application; a lender that fits on paper still has to say yes.
What you can do with it
- Buying a home
- Refinancing
- Renewal or switch
Features
- Home equity line of credit (HELOC)
Rate types
- Fixed rates
- Variable rates
Where it lends
Prince Edward Island
Good to know
- Membership required to borrow
- Operates only in Prince Edward Island
- High-ratio insured mortgage availability is not published; confirm directly with the credit union
How to reach Provincial Credit Union
You deal with this lender directly, no broker required. This is educational information, not a rate quote; confirm current rates and terms directly.
Visit Provincial Credit UnionEducational summary; rates, terms, and approval are set by the lender.
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Other credit unions
Educational information about Canadian mortgages, not financial or mortgage advice. This tool is offered by Jordan Avery, Mortgage Agent (Level 2), Licence M23999999 · Maple Key Mortgages Inc., FSRA Brokerage Licence 13999 and operated by LenderSearch; figures are estimates. Confirm all rates, terms, and eligibility directly with the lender before acting.