Fee Rates
When it comes to interest rates and administration fees, FarmCash is proud to offer Alberta producers a competitive advantage with low rates and unparalleled customer service.
Below is a schedule of our applicable fees and interest rates:
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Initial Application FeesSubsequent Application FeesInterest ChargeDefault Interest (Pre-Default Date)Default Interest (Post-Default Date)Repayment without Proof of Sale Penalty Rate
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$50$50Prime - 0.50%Prime + 1%Prime + 3%Prime + 0.25%
Financial Terms:
Initial application fee – This application fee covers applicable administration costs for processing your application.
Subsequent application fees – This fee covers applicable administration costs for each subsequent application.
Interest Charge – Advances over $100K are subject to interest at the TD Prime Rate - 0.50%.
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%
Toll Free: 1-855-376-2274
Fax: 403-717-1966
