Protection against Interest Rate Hikes

Description

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

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
Specifications	Preferred Rate	Secure 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 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.