INTEREST RATES
Prime rate A
EFFECTIVE
|
|
5.25% |
5.75% |
Mortgages (Consumer/Residential):
|
Variable
– open |
6.00% |
Variable Mortgages will have a 36 month
renewal date |
|
1 year |
6.25% |
All variable rate mortgages will
float with Prime D. |
|
2 years |
6.25% |
|
|
3 years |
6.00% |
First
mortgage rates only, second mortgages add 1.00% |
|
4 years |
6.00% |
Prepayment
terms as per mortgage document |
|
5 years |
6.00% |
|
Mortgages (Agricultural): Please
contact our Lending Department for current rates
Mortgages (Commercial): Please
contact our Lending Department for current rates
Agriculture/Commercial Loans –
Variable *
|
Term
Loans |
P+1.50% |
Terms and
purposes as defined by loans policy |
|
Lines of
Credit |
P+1.50% |
|
Agriculture/Commercial Term Loans – Fixed *
|
1 year |
6.75% |
Terms and
purposes as defined by loans policy |
|
2 years |
7.00% |
|
|
3 years |
7.25% |
|
|
4 years |
7.50% |
|
|
5 years |
7.75% |
|
|
5 years + |
N/A |
|
Personal Loans – Variable *
|
Term
Loans |
P+3.00% |
Terms and
purposes as defined by loans policy |
|
Lines of
Credit |
P+3.00% |
|
Personal Loans – Fixed *
|
1 year |
8.25% |
Terms and
purposes as defined by loans policy |
|
2 years |
8.50% |
|
|
3 years |
8.75% |
|
|
4 years |
9.00% |
|
|
5 years |
9.25% |
|
|
5 years + |
N/A |
|
Fully Secured Loans/Lines of Credit
|
Variable |
Prime |
Interest
to be paid at least annually |