Upcoming Key Date
PY2024 Now Accepting applications! Call us at 1-825-509-3538 or 1-855-376-2274 (Toll-Free) or email at
INFO@FARMCASHADVANCE.COM for more information and application details.
PY2024 Now Accepting applications! Call us at 1-825-509-3538 or 1-855-376-2274 (Toll-Free) or email at
INFO@FARMCASHADVANCE.COM for more information and application details.
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 Fee (Outstanding Balance) | Default Interest (Pre-Default Date) | Default Interest (Post-Default Date) | Repayment without Proof of Sale Penalty Rate |
---|---|---|---|---|---|---|
$250 | $250 | Prime - 0.5% | 3% | Prime + 1% | Prime + 3% | Prime |
Initial application fee – $250
Subsequent application fees – $250.
Interest Charge – Advances over $250K are subject to Prime - 0.5%
One-time Default Service Fee of 3% on the outstanding balances after the default notice
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
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