Lending Fees

Fees for Personal Loans

EFFECTIVE AS OF FEBRUARY 1, 2016

Loans

Collateral registration fee

$25.00 Administration Fee +

$12.00 per year registration fee

Mortgage

Mortgage discharge fee $250.00
Mortgage transfer fee $150.00
Mortgage amendment fee $100.00
Caveat Fee $100.00

Lending Products

Skip payment fee $25.00
Temporary Line of Credit $50.00
Temporary Overdraft $20.00

Fees for Commercial Loans

Commercial Line of Credit

New line of Credit Application Fee (OverDraft handling fee) .75 of 1% (non refundable fee - 50% of the fee)
Line of Credit Charge/Overdraft Charge $5.00 per trans/overlimit interest rate 21%
Annual Line of Credit Review (limits $15,000 or less) $100.00
Annual Line of Credit Review (limits over $15,000) .75 of 1% plus the central fee if applicable

Commercial Loan

New Business Term Loan/Mortgage Application Fee .75 of 1% (non refundable fee - 50% of the fee) plus the central fee if applicable
Bank Account Confirmation $25.00