Effective October 1, 2017
(Rates are subject to change without notice)
The King's University would like to replace bank financing with supporter based financing on its campus buildings. One way for participants to join 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 and over|
*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. Rates are subject to change without notice.
If you wish to extend a loan to King’s under the above conditions, please download and fill out the Supporter Loan Application and send with a cheque payable to The King’s University, enclosing your instructions as to the loan term desired, to:
Supporter Loan Plan
The King's University
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. We welcome your participation.