Supporter Loan Plan
Effective July 1, 2010
(Rates are subject to change without notice)
The King's University College would like to replace bank financing with supporter based financing on its campus buildings. One way for you to participate in this important project is by providing a Supporter Loan. King’s offers unsecured promissory notes to supporters in exchange for loans (of at least $10,000) under the following terms:
| Term | $10,000 to $49,999 | $50,000 to $99,999 | $100,000 to $249,999 |
|---|---|---|---|
| 1-Year Fixed | 2.20% |
2.25% |
2.30% |
| 2-Year Fixed | 2.35% |
2.40% |
2.45% |
| 3-Year Fixed | 2.70% |
2.75% |
2.80% |
| 4-Year Fixed | 2.70% |
2.75% |
2.80% |
| 5-Year Fixed | 3.60% |
3.65% |
3.70% |
* Supporter Loans are unsecured and uninsured.
* Interest is paid semi-annually on June 30 and December 31
* Interest rates offered on new Supporter Loans maintain a premium versus Chartered Bank GICs.
* Interest rates on Supporter Loans of $250,000 and higher are negotiable.
If you wish to extend a loan to King’s under the above conditions, please send a cheque payable to The King’s University College, enclosing your instructions as to the loan term desired, to:
Supporter Loan Plan
The King's University College
9125 – 50 Street
Edmonton, Alberta T6B 2H3
King’s will send a promissory note by return mail, evidencing the term, the interest rate and the amount of the loan. Supporter-based financing by way of these Loans and the Group RRSP Plan is the key to successfully managing the long-term debt of The King’s University College. We welcome your participation!
For more information, please contact
Ellen Vlieg-Paquette, Vice President
Administration and Finance
780-465-8307 loans@kingsu.ca