Loan Products

Kerrobert Credit Union is proud to offer a full selection of loan products to meet the needs of our members. Our rates are always competitive with repayment plans to suit your needs. Our decisions are made quickly and locally. All loans have additional insurance available from CUMIS Insurance. CUMIS Insurance offers comprehensive insurance options for Credit Union members including, LIfe, Critical Illness, Disability and Loss of Employment insurance.

For a glossary of terms related to mortgage basics please see here.

Contact us for current lending rates.

Personal Borrowing:

Consumer Loans:

These loans can be used to finance consumer purchases, debt consolidation, travel and more. Interest rates will vary depending on the collateral used to secure the loan. Whatever you need, we can help!

Mortgage Loans:

We offer conventional mortgages, as well as CMHC (Canada Mortgage and Housing Corporation) insured mortgages. When the conventional 20% down payment is not an option, let us help you with your CMHC application for a down payment as low as 5%! Mortgage loans can be used to purchase new housing, renovate existing housing or to purchase vacation property!

Agricultural Borrowing:

Credit Unions in Saskatchewan were created to help serve the farmers of this province so they could continue feeding the province and the world. Kerrobert Credit Union is proud to continue this tradition today and we offer a full selection of agricultural loan products to meet the needs of our farming members. Our rates are always competitive with a variety of repayment options.

Farm Loans:

These loans can be use to purchase equipment, livestock, cover operating expenses or assist with unexpected farming expenses. Interest rates will vary depending on the collateral used to secure the loan.

Agricultural Mortgages:

These loans can be used to purchase farmland, houses, and equipment or construction. We have a variety of interest rates and repayment options. We offer loans through the CALA (Canadian Agriculture Loans Act) program, which helps with lower down payments.

Commercial Borrowing:

Small businesses are the backbone of our economy, something that Kerrobert Credit Union recognizes and is proud to support. We offer a full selection of loan products to meet the needs of our business community. Our rates are always competitive with a variety of repayment options.

Commercial Loans:

These loans can be used to purchase a business or expand the business you already own. They can be used to purchase equipment, inventory or other business needs. Interest rates will vary depending on the collateral used to secure the loan.

Commercial Mortgages:

These loans can be used to purchase a business or building, construction, expansion or renovations. We offer loans through the CSBF (Canada Small Business Financing) Program.

All Borrowers:

Lines of Credit:

Lines of credit are available for Personal, Agricultural and Commercial borrowers. Lines of credit are attached directly to your chequing account and are an excellent product to cover the unexpected shortfalls that may occur in the course of everyday life! Interest is accrued daily on the outstanding balance and charged at the end of each month. Each deposit to your account is a loan payment!