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|
|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.