Loans & Mortgages

Macklin Credit Union Limited offers a full range of loan products to meet your needs, whether consumer, mortgage, agricultural or commercial. All loans are open to prepayment without penalty, charged competitive interest rates, and have flexible repayment terms to meet your needs. Life and Disability Insurance is available providing security and peace of mind regarding loan repayment should circumstances warrant.

Personal Consumer Loans

• Regular and Quick Loans for consumer purchases
• Vehicle purchases and repairs
• Line of credits to help cover expenses between paydays

Student Loans

Macklin Credit Union offers loans to students attending university or technical institute. These are offered a special rate of Prime + 0% with only interest payments required monthly while the student is attending school. Upon completion of studies, the loan is converted to our regular loan products with flexible repayment terms to meet the borrower's ability.

RRSP Loans

• Maximize your RRSP contribution room with an RRSP loan.
• Special Rate of Prime + 0.00 when investing with Macklin Credit Union
• Repayment terms up to 10 years.

Mortgage Loans

• Conventional Residential Mortgages and Canada Mortgage and Housing Corporation insured residential mortgages for the purchase of new home
• Construction of new home and renovation loans available
• Home Passport Program offers a $1500, six month interest free loan to help cover the expenses of buying a new home
• Purchase of farm property.
• Purchase of commercial property.
• Pre-approved residential mortgages available
• Flexible repayment terms
• No prepayment penalties

Agriculture Loans

• Equipment
• Cattle
• Farm improvement
• Operating loans and Lines of Credit to cover expenses
• Government Farm Improvement Loans

Commercial Loans

• Equipment
• Inventory
• Operating loans and Lines of Credit
• Government Small Business Loans