Equitable expands borrowing options

Toronto-based Equitable Bank is rolling out its second cash surrender value line of credit, CSV Max, the company announced Monday.

The bank is also expanding its group of partnered insurers to include Quebec City-based iA Financial Group.

The new line of credit complements Equitable’s existing CSV FLEX line of credit by allowing Canadians who have reached the age of majority to borrow up to 90% of the CSV of their whole life insurance policies.

The partnership agreement will begin Nov. 4 and allows iA Financial Group policyholders to be eligible for both the CSV MAX and CSV FLEX lines of credit.

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