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Comprehensive Refinancing Loans
At MASC, the appreciation of your patronage goes beyond the time you sign a loan agreement. MASC strives for the success of farmers in rural Manitoba, and recognizes that their financial hardships are sometimes unavoidable.
MASC's Comprehensive Refinancing program assists existing MASC clients in financial difficulty. Loans may be approved in conjunction with other debt restructuring using MASC's Direct Loans.
The process associated with Comprehensive Refinancing may include consultations with the Manitoba Farm Mediation Board and/or the federal Farm Debt Mediation Service.
- Eligibility
- Details
- Contact
- Links
Eligibility
Eligible Applicants
Eligible applicants for the Comprehensive Refinancing program are existing clients who are experiencing financial difficulty.
Applicants must personally operate the farm to which the loan applies, and the farm must be considered potentially viable and meet security requirements.
Details
Interest Rate
Interest rates for Comprehensive Refinancing are set at {program_details::sub_rate}% less than MASC's 5-year rate for the first 5 years, after which rates will be set according to MASC's prevailing interest rates.
View the current MASC lending rates
Repayment
Repayment terms of up to {program_details::max_term} years are available.
Security
Loans are secured with real, personal and/or other security as required.
Other
Comprehensive Refinancing loans are eligible for the Management Training Credit.
Contact
To inquire about the Comprehensive Refinancing program, please contact your local MASC Lending Office.
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