Loan Information

Who can apply?

Any faith community within Region 15 of the United Church of Canada can  apply.

Benefits

The interest rates offered by the Church Extension Board may vary according to market conditions but in most cases the interest rate are significantly lower than other Financial Lenders. Applicants have the ability to pay down the Principal quicker to benefit from significant savings as opposed to conventional lending.
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Interest rates are currently set at 3% per annum.

Other Advantages

* No Administrative Fees ; and

* Loans  may be paid down any time with no restrictive limits or penalties.
The favorable CEB terms and conditions allow us to repay the loans quicker and at less costs which we could not have secured from traditional lenders.
Charlie O'Handley, Chair of Council, St. Luke's United Church, St. Margarets Bay, Nova Scotia