Personal Loans

Prime Rate Rates
YNCU Prime Rate 3.20%
Unsecured Personal Loans Rates
Variable Rate: $2,500-$10,000 Base YNCU P+5% 8.20%
Variable Rate: $10,001-$40,000 Base YNCU P+3% 6.20%
Fixed Rate, 24 month term: Minimum $5,000 8.00%
Fixed Rate, 36 month term: Minimum $5,000 8.50%
Fixed Rate, 48 month term: Minimum $5,000 9.00%
Secured Loans Rates
Variable Rate: $2,500-$10,000 Base YNCU P+3.5% 6.70%
Variable Rate: $10,001-$40,000 Base YNCU P+2.5% 5.70%
Fixed Rate, 24 month term: $2,500-$75,000 6.35%
Fixed Rate, 36 month term: $2,500-$75,000 6.35%
Fixed Rate, 48 month term: $2,500-$75,000 6.85%
Fixed Rate, 60 month term: $2,500-$75,000 7.35%
RSP and Investment Loan: Fixed rate, 1-year term 3.50%
RSP and Investment Loan: Variable rate, YNCU P+1% 4.20%

Vehicles, boats, recreational vehicles, etc. maximum $75,000
Rates are base rates and vary depending on ratio of security value to loan amount. Value of security must be minimum 60% of the loan amount to be considered for secured loan.

 

Line of Credit Rates
Unsecured LOC: $2,500-$40,000 - YNCU P+3% 6.20%
Secured LOC: $2,500-$40,000 - YNCU P+2.5% 5.70%
Student LOC - $2,500-$75,000 Variable YNCU P+3% 6.20%
Overdraft LOC: $500-$2,500 21.0%
Investment Loan Rates
Investment Loan - Registered Deposit: Fixed rate, 1-year term or less 3.50%
Investment Loan - Registered Deposit: Variable rate; 1-5 years; YNCU P+1.0% 4.20%

Registered deposits include RSP and TFSA.


*Variable rate of interest at YNCU P+0.5 with a minimum (floor) rate of 4.0%

 

 

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