Upcoming Key Date
Reminder: September 30 is the last date to repay a 2022/23 Advance for field crops or honey. Click here to view all key dates.
| Initial Application Fees | Subsequent Application Fees | Interest Charge | Default Interest (Pre-Default Date) | Default Interest (Post-Default Date) | Repayment without Proof of Sale Penalty Rate |
|---|---|---|---|---|---|
| $250 | $0 | Prime - 0.75% | Prime + 1% | Prime + 3% | Prime - 0.25% |
Financial Terms:
Initial application fee – $250
Subsequent application fees – $0.
Interest Charge – Advances over $350K are subject to interest at the TD Prime Rate - 0.75%.
Default Interest Spread (Pre-Default Date) – Loans in default status prior to the default date are charged at an interest rate of Prime + 1%
Default Interest Spread (Post-Default Date) – Loans in default status after the default date are charged at an interest rate of Prime + 3%
Repayment of loans without providing a Proof of Sale are charged at an interest rate of Prime - 0.25%
