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La Financière agricole du Québec

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Protection against Interest Rate Hikes

Description

La Financière agricole offers two kinds of protection against interest rate hikes.

Preferred Rate
Protection applicable on financing of up to $500,000
Secure Rate for Aspiring farmers
Offered to part-time or full-time aspiring farmers
Protection applicable on financing of up to $500,000
Repayment for a maximum period of five years
Information on protection offered

Exclusions: Part-time, lender-member and goods and services companies

SpecificationsPreferred RateSecure Rate for Aspiring farmers
Eligibility
  • No criteria for age and experience
  • Clients working full-time in agriculture
  • Be between 18 and 40 years of age
  • Have one year of experience in agriculture
  • Be a part-time or full-time aspiring farmer
Characteristics of the protection against interest rate hikes60% of the portion of interest exceeding 8%*100% of the portion of interest exceeding 5, 6 or 7%*
TermThroughout the financing term5 years

*Calculated according to the interest rate on 1-year conventional mortgage loans established weekly by the Bank of Canada.