A fixed rate loan is a loan with an interest rate that is set (fixed) for a predefined period of time. You'll benefit from knowing exactly what your payments will be for the whole period that the fixed rate applies.

YNCU offers secured fixed rate business loans.

Rate: Rate is guaranteed for the entire term.

Terms: 1 to 5 year terms available.

No Penalties: Pay down or pay off your loan at anytime, without penalty.

Payment Options: Choose from weekly, bi-weekly, or monthly payments.

A variable rate loan is a loan in which the rate of interest fluctuates in response to changes in the prime rate.

This type of product allows you to take advantage of low interest rate periods. When interest rates fall, you are paying down more on your principal with each payment and less interest. When interest rates rise, the amount of interest increases and your principal payment decreases.

YNCU offers secured variable rate business loans.

Rate: Rate fluctuates during the course of the term.

Terms: 1 to 5 year terms available.

No Penalties: Pay down or pay off your loan at anytime, without penalty.

Payment Options: Choose from weekly, bi-weekly, or monthly payments.

At YNCU, we want to help you determine what type of loan options will work best for you.

To inquire about our loan options, call or visit our Business Services department. Our Manager of Business Services will be more than pleased to assist you, and answer any questions you may have.

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With a YNCU Line of Credit, you only pay interest when you draw on the funds, and you can pay back as little or as much as you want at any time.

Only a minimum interest payment is required each month, and you determine how much you want to pay back over and above this amount.

Enjoy quick and easy access to your funds whenever you need them by simply writing a cheque or withdrawing the funds.

You can also access your Line of Credit through our network of Automated Teller Machines (ATMs) and at participating merchant locations across Canada anywhere Interac® Direct Payment is accepted.

Businesses can often amass a large balance on credit cards, with a high rate of interest. In contrast, a YNCU Line of Credit offers a competitive interest rate that can help you save money.

Consolidate your debt and pay off your credit card with a YNCU Line of Credit. As a result, you'll only have one monthly payment at a competitive interest rate on the collective sum of your debt.

Let YNCU help you achieve your goals faster. Try our Loan Calculator to discover how much money you can save.

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