Lending

Personal Lending Services

At Bulkley Valley Credit Union our loans fall into three basic categories:

Personal/Consumer Loans

• competitive interest rates on a fixed or variable basis
• no penalties on extra payments or early payout
• a full range of life, disability, critical-illness and loss-of-life insurance at reasonable rates

Line of Credit

• operates on a revolving overdraft basis; you pay interest only on the amount you borrow
• fixed or variable rate of interest
• minimum monthly deposit required on outstanding balance
• life and disability insurance at reasonable rates

Mortgages

• local administration and decision-making
• full range of terms, 6 months - 7 years
• open or penalty options
• fixed rate, regular variable rate or capped variable rate options
• flexible repayment options, such as weekly, bi-weekly or monthly, to meet your requirements
• construction mortgages
  – up to 1 year for completion
  – interest-only payments during construction
  – no interim financing required; single mortgage document
• conventional, high-ratio (up to 100% if CMHC Flex Down Product utilized) equity take-out, recreational, bridge financing and undeveloped-property mortgages
• mortgage transfer program
• life, disability, loss-of-employment and critical-illness insurance at reasonable rates

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