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

Business term loan

Business term loan service charges
Transaction
Fee
File analysis and setup loan up to $500,0001
1/2% of authorized amount
$225 min.
File analysis and setup loan over $500,0001
3/4% of authorized amount
1/4% min.
Taking of security interest (Movable hypothec agreement or general security agreement and/or security agreement)
$150/contract plus incurred expenses
Taking of security interest (Immovable hypothec agreement)
incurred expenses
Building or equipment appraised by a professional
incurred expenses
Annual monitoring
1/4% of balance
$225 min.
Total or partial prepayment
penalty stipulated in contract
Extension of file
$50 or $125 depending on analysis
Reopening of file
1/2% of authorized amount
$150 min.
Availability fee (annual)
1/4% of unused credit
Written or telephone notice
$5
Additional supervision of the file
from $50/month
Release
$50 plus incurred expenses (no fee if the loan is due)
Discharge
incurred expenses
Renewal on maturity date
no charge
Renewal before maturity date
$225 plus penalty stipulated in contract
Multiproject clause (file analysis)
1/2 % of authorized amount
$225 min.

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