Caisses Desjardins du Québec and Caisses populaires de l'Ontario [Change site]

Operating line of credit

Operating line of credit service charges
Transaction
Fee
File analysis and setup1
Line of credit up to $500,000
1/2% of authorized amount
$225 min.
Line of credit over $500,000
3/4% of authorized amount
1/4% min. of authorized amount
Taking of security interest
Movable hypothec agreement or general security agreement and/or security agreement
$150/contract plus incurred expenses
Real estate mortgage
incurred expenses
Monitoring of assets – accounts receivable and inventories
Line of credit up to $100,000
$50/month
Line of credit over $100,000
$75/month
Monthly management fee for automated service
up to $125 based on authorized amount
Annual renewal and monitoring
1/4% of authorized amount
$225 min.
Availability fee - Line of credit over $500,000 (on unused portion)
1/4% to 1/2%
Extension of file
$50 or $125 depending on analysis
Increase during year
1/2% of authorized increase
$150 min.
Delay in monthly monitoring
$25
Additional file supervision
from $50/month
Release
$50 plus incurred expenses (no fee if the loan is due)
Discharge
incurred expenses
Cancellation of movable hypothec or general security agreement and/or security agreement affecting all debts
incurred expenses
Domestic letter of guarantee
$150 min.
0.5% to 2.5% max.

1. May be up to 1% for more complex files.
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