Personal Loans
| Prime Rate | Rates |
|---|---|
| YNCU Prime Rate | 3.70% |
| Unsecured Personal Loans | Rates |
|---|---|
| Variable Rate: $2,500-$10,000 Base YNCU P+5% | 8.70% |
| Variable Rate: $10,001-$40,000 Base YNCU P+3% | 6.70% |
| 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% | 7.20% |
| Variable Rate: $10,001-$40,000 Base YNCU P+2.5% | 6.20% |
| 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% | 4.70% |
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% | 6.70% |
| Secured LOC: $2,500-$40,000 - YNCU P+2.5% | 6.20% |
| Student LOC - $2,500-$75,000 Variable YNCU P+3% | 6.70% |
| 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% | 4.70% |
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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