What are the Interest Rates?

Interest rates on loans range depend on your income at the time of application for the loan.  The following are the Interest Rates for the different Income Bands effective April 1, 2020:

  INTEREST RATES (%)
INCOME BAND (WEEKLY)  Disabled Persons (New) Mortgagors 55 years & older and contributing for a minimum of 10 years Public Sector Workers All Other Contributors
 Minimum wage - $15,000.99  0%  0%  0%  0%
 $15,001 - $30,000.99  0%  0%  0%  0%
 $30,001 - $42,000.99 -   0%  0%  1%  2%
 $42,001 & over  2%  2%  3%  4%

For more information on who qualifies as a Public Sector Worker, click here.