Canadian Agricultural Loans Act Program
Transactions | Fee |
---|---|
File analysis and setup | |
Loan up to $250,000 | 0.25% min. of authorized amount, $250 max |
Loan of over $250,000 | 0.1% of authorized amount |
Insurance fee (paid to the Receiver General of Canada) | 0.85% of authorized amount |
Renewal | |
At maturity | 0.25% of balance min. 0.125% min. of balance |
Before maturity | penalty stipulated in contract |