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.
When it comes to interest rates and administration fees, FarmCash is proud to offer producers in Alberta, British Columbia, Saskatchewan and Manitoba a competitive advantage with low rates and unparalleled customer service.
Below is a schedule of our applicable fees and interest rates:
|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%|
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%
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