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Lending Rates

Please note that conditions may apply to some rates, and that they may change at any time without notice.

Fastrack 1 Year RRSP Loan
1 year repaymentAsk Lender
Up to 10 year repayment
Up to 10 year repaymentAsk Lender
Prime
Prime Rate4.25%Effective Oct 29, 2018
Credit Master Rate (CMR) 4.70% Effective Oct 29, 2018
Consumer Loans – Secured
Fixed Rate6%-12%Effective Apr 07, 2011
Variable RatePrime +3-6%Effective Jun 30, 2011
New Vehicles from Dealership3.50%Effective June 25, 2019
Loans >$5,000-Funds on Deposit SecurityPrime + 0.50%Effective Apr 04, 2012
Consumer Loans – Unsecured
Fixed Rate8-14%Effective Dec 01, 2009
Variable RatePrime +5-11%Effective Dec 01, 2009
Loans <$5,000 Fixed Rate 16%Effective Apr 04, 2012
Mortgage – Closed
6 Month4.50%Effective July 12, 2018
1 Year3.00%Effective April 1, 2019
2 Year2.69%Effective June 25, 2019
3 Year2.74%Effective June 25, 2019
4 Year2.79%Effective June 25, 2019
5 Year2.89%Effective June 25, 2019
7 year3.29%Effective June 25, 2019
Bare Land
Mobile Home
Mortgages
Posted Mortgage Rate
+ 2%
Effective October 12, 2016
5 Year VariablePrime MINUS 0.90%Effective June 25, 2019
Mortgage - Open
6 month Fixed Open 6.25%Effective April 1, 2019
1 year Fixed Open6.25%Effective April 1, 2019
Second Mortgage
1 Year Closed1 yr closed + 2% UpEffective Apr 07, 2011
Unsecured Lines of Credit
Variable RatePrime + 3% - 8%Effective April 27, 2016
Variable Rate < $5,000 Prime + 12%Effective Apr 04, 2012
Temporary OverdraftPrime + 12%Effective Oct 20, 2018

 


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