Commercial Lending Rates
Rates effective as of May 16th, 2020
Fully Secured Commercial Loans
| Deposit Secured |
Prime + 2.00 % |
5 Year Maximum Term |
Commercial Loans & Lines of Credit
All Commercial Loans and Line of Credit products are based on VPCU’s Prime Lending Rate which is subject to change.
Please contact us for the latest pricing details.
Overdraft Rate
| Chequing Account Overdraft or Line of Credit Overdraft* |
16.75% |
Commercial Mortgage Renewal Rates**
| 1 Year Open Term |
8.95 % |
|
| 1 Year Fixed Term |
5.64 % |
|
| 2 Year Fixed Term |
5.69 % |
|
| 3 Year Fixed Term |
5.74 % |
|
| 4 Year Fixed Term |
5.79 % |
|
| 5 Year Fixed Term |
5.54 % |
|
| 5 Year Variable Rate Fixed Term |
Prime + 3.00% |
|
| 15/15 Pre-payment Options |
See details |
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* The Overdraft Rate is only applicable when a Demand Account is overdrawn or when a line of credit account exceeds its authorized limit.
** VPCU currently offers renewals of existing VPCU commercial mortgages only.
*** Rates and products are subject to change without notice at any time. Other conditions and restrictions may apply. All applicants must meet the standard VPCU lending criteria.