Billing & Payment
How do I make a payment to my personal line of credit account?
See our contact pages for detailed payment addresses and instructions.
Can I arrange for pre-authorized payments on my account?
Yes. Your minimum monthly payment can be debited directly from your chequing account. To enroll, please print and complete the PDF Authorization Form and send it to our attention by facsimile at 1.800.871.0994.
PDF format requires Adobe Reader
How is the repayment period and interest rate determined?
Once your application is approved, a Credit Specialist will discuss the interest rate available based on your credit worthiness, loan size and repayment period selected.
How can I determine my minimum monthly payment?
Your monthly payment is calculated based on the initial amount borrowed plus projected interest, (assuming no late payments or additional advances) divided by the repayment period. If you re-advance, the payment will re-calculate on the new balance total (current balance + re-advance amount + projected interest) and your repayment period will start over. The minimum monthly payment does not include any optional credit protection added to your account. For further assistance, call 1.800.404.1319 to speak to an associate.
Can I pay more than my minimum payment due?
You may make additional payments on your MBNA Personal Line account without penalty. Please note that any payments applied to your account before your minimum payment is due will be subtracted from that month's pre-authorized payments.