Certificate Loans

Certificate Loans made to the Canadian Baptist of Ontario and Quebec assist with CBOQ’s Church Mortgage Program. Loans evidenced by promissory notes executed under CBOQ’s corporate seal may be secured:

• At any time
• At a minimum amount of $1,000.00
• In multiples of $100.00
• For a term of:
  • One year bearing interest at 3.50%
  • Two years bearing interest at 3.30%
  • Three years bearing interest at 3.20%
  • Four years bearing interest at 3.20%
  • Five years bearing interest at 3.25%
    
    

– Rates revised November 2024 –

• With interest payable on the anniversary date each year.

A small penalty is charged for early redemption.

At the end of the term your loan may be:

1. Renewed for a further term
2. Redeemed
3. Donated to CBOQ

In addition, you may donate your interest to CBOQ.