Personal Lending Rates

Rates effective as of July 8th, 2020
Current V.P. Credit Union PRIME Lending Rate:    2.45%

Fully Secured Loans

Security Rate Conditions
Deposit Secured Prime + 0.50 % 5 Year Maximum Term

RRSP Loans

Type Rate Conditions
RRSP* Starting at Prime + 1% 1 Year Term
RRSP catch up loan*  Starting at Prime  + 2% 3 Year Maximum Term 

Personal Loans & Lines of Credit

All Personal 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

Type Rate
Chequing Account Overdraft or Line of Credit Overdraft** 16.75%

Residential Mortgages

1st Mortgage Rates  Posted
Relationship Rates ***
1 Year Open Term 6.45 % 6.35 %
1 Year Fixed Term 3.24 % 3.09 %
2 Year Fixed Term 3.14 % 2.99 %
3 Year Fixed Term 3.09 % 2.94 %
4 Year Fixed Term 3.04 % 2.89 %
5 Year Fixed Term 2.94 % 2.79 %
5 Year Variable Rate Fixed Term Prime + 0.15% Prime + 0.00%
15/15 Pre-payment Options See details  
Other Products Available Rates  
Construction - Contact us for more details From Prime + 3.00%  
Prime Line - Mortgage Line of Credit From Prime + 0.50%  
2nd Mortgage Rates    
Please contact us for more details


* RRSP Loan proceeds must remain in a VPCU RRSP investment product until the outstanding loan balance has been paid in full.

** The Overdraft Rate is only applicable when a Demand Account is overdrawn or when a line of credit account exceeds its authorized limit.  

*** Relationship Pricing is available. Please contact our Lending Department to find 
  out how to qualify for preferred lending rates.

**** 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.