Protection against Interest Rate Hikes
La Financière agricole offers two kinds of protection against interest rate hikes.
Specifications | Preferred Rate | Secure Rate for Aspiring farmers |
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Eligibility |
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Characteristics of the protection against interest rate hikes | 60% of the portion of interest exceeding 8%* | 100% of the portion of interest exceeding 5, 6 or 7%* |
Term | Throughout the financing term | 5 years |
*Calculated according to the interest rate on 1-year conventional mortgage loans established weekly by the Bank of Canada.