Current interest rates.
Effective July 1, 2023 (applicable to loans approved on or after this date while these rates remain in effect). Interest rates may change at any time without notice.
Closed rate loans:
| Amortization | Full Term | Interest Rates – Term Loan | ||
|---|---|---|---|---|
| Interest Rate % | Ten-year Term % | Five-year Term % | Three-year Term % | |
| 1 to 5 years | 6.50 | — | 6.50 | 6.50 |
| 6 to 10 years | 6.00 | 6.00 | 6.20 | 6.50 |
| 11 to 15 years | 6.40 | 6.25 | 6.15 | 6.45 |
| 16 to 20 years | 6.65 | 6.45 | 6.15 | 6.45 |
Open repayment rate loans:
| Interest Rates | |
|---|---|
| Length (years) | Full Term |
| 1-5 | 8.00% |
| 6-8 | 8.35% |
| 9-10 | 8.45% |
| 11-15 | 8.65% |
| 16 – 20 | 8.85% |
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