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 5.00%
- Two years bearing interest at 5.05%
- Three years bearing interest at 4.50%
- Four years bearing interest at 4.60%
- Five years bearing interest at 4.35%
– Rates reviewed September 2023 –
- 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.
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