This form of finance is well worth considering for investment in all kinds of capital goods. The term of an investment loan depends on the useful economic life of the asset in question.
The interest rate applied to investment loans can be agreed as follows:
- Variable or fixed for the entire repayment period, or
- Variable or fixed for part of the repayment period.
Many capital investments qualify for provincial or federal subsidies in the form of grants or preferential loans. Our branch staff know what schemes are options for your company.