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Home Equity Loans PEI

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  • chTransparency in rates & terms
up Last updated

June 12, 2025

up Written by:

Amy Orr

up Reviewed by:

Jenna West

Home Equity loans in Prince Edward Island (PEI) is a great resource to turn to if you ever need extra cash. Whether you need the money to make upcoming purchases, pay off your debts or invest in home renovations this is an option you can explore. Simply, a home equity loan means you are using equity in your home to borrow money from a lending company. You must be a property owner to take out a home equity loan in PEI. In PEI, there are several credible lending institutions that provide home equity loans. The approval process is generally simple, and you can apply right in the comfort of your own home. You can expect an instant approval for a home equity loan in PEI if

Compare Lenders

AMOUNT
$500 - $150,000
INTEREST RATE
9.99% - 34.99%
TERMS
9 - 240 months
AMOUNT
$50K - $10M
INTEREST RATE
From 4.09%
TERMS
6 - 60 Months
AMOUNT
$50K - $10M
INTEREST RATE
Varies
TERMS
1 - 10 Years
AMOUNT
$50K - $10M
INTEREST RATE
From 5.44%
TERMS
5 Years

Prince Edward Island Datasheet

  • PEI employment rate: 60%.
  • The areas of education interests of Prince Edward Island residents lie mostly in health and related fields, visual and performing arts, and communications technologies, architecture, engineering, and related technologies.
  • As per the most recent available information, an average monthly employment income in Prince Edward Island is $34,900
  • Based on the most up-to-date data, there are 41,800 listed homeowners in Prince Edward Island.
  • The population of Prince Edward Island is 143,000 people.
This data was researched in 2019 and uses various information resources, including Canada’s National Statistics Agency, etc., where the information can be as of an older date. The facts above may change as new information becomes available. We do our best to keep the information up to date.

Smarter Loans is your one stop shop for finding well-established Home Equity Loan providers in Prince Edward Island for all your specific financial needs.

Review our catalogue of Home Equity Loan companies to get the latest Home Equity Loan rates in Prince Edward Island.

Home Equity Loans are usually utilized for the following purposes

  • gaining access to a large lump sum of money outright
  • conducting home improvements
  • conducting discretionary expenditures
  • getting lower interest rates than credit cards
  • having lower capital outlay to complete the expenditures

etc.

av
writtenWritten by:

Amy Orr

Amy Orr is a professional writer and editor with over 10 years of experience in the Canadian, U.S. and U.K. financial markets. She has written for numerous publications on topics as diverse as economic literacy, corporate finance, and technical analysis of numerical data. Prior to transitioning to full-time writing, she worked in the hedge fund sector. Her academic background is astrophysics, and she has a Masters in Finance from the University of Edinburgh Business School.

av
writtenReviewed by:

Jenna West

Jenna West is Smarter Loans' in-house financial writer and content director. She has been covering the Canadian FinTech and finance industry since 2017, including financial trends analysis, industry surveys, regulatory updates and changes in Canadian consumer behaviour when it comes to finance.

Awesome G.
04:46 26 Feb 25
I’m very honoured to shear my experience with this illustrious platform. To be able to systematically choose from a list optional to one’s profile without doing much leg work is truly rewarding. This platform allowed to expand my options and chose which lenders fit my profile, thank you and continue doing what you do best,, connecting people to available wealth opportunities.
Pat M.
03:10 26 Feb 25
Good place to get a loan
Chris “Stufphr” H.
02:07 26 Feb 25
When you feel in need of a loan do it smart and make it a Smarter Loans.
Dan Bott (.
01:41 26 Feb 25
Very Helpful, was assisted in a timely fashion and was ultimately able to receive assistance; I highly recommend!!!
joel K.
22:59 25 Feb 25
I have recommended this place to many friends I feel that this company goes out of their way to help people that they can and they are very easy to work with
Nate C.
13:22 27 Oct 24
This company is reliable, quick, and just has the best customer service and rates it is a easy process with quick results. Would definitely recommend to anyone that needs the help.
Vincent J.
07:08 23 Oct 24
Good place for borrowing a bit of money 😁
Kels H.
06:41 23 Oct 24
Personally love this opportunity and app. Super convenient and easy to use and super awesome variety of great loans. Thanks so much guys for making such an awesome site and app and being there for me over the years. :)
Tara H.
16:23 16 Oct 24
From beginning to end, my experience was great! Very professional and personable agents. They only asked questions that were needed for the loan and payments were extremely reasonable. Would recommend to anyone who needs emergency funds.
A S.
19:43 11 Oct 24
“ Thank you SO very much! My situation was tricky and you guys made the whole process so effortless. The way you guys handle the whole process so discreetly. That truly speaks to how well your office is run and the caliber of specialists who handled the processing of my entire loan!”

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