EN
A RoyFarm Mortgage
Is Commonly Used For:
- Financing expansion or acquisition of farmland
- Purchasing equipment or quota
- Restructuring existing loans
Eligibility Requirements:
- Business must be zoned agriculture
- Farm income or land rental income must be a minimum of $25,000
Key Benefits
Scheduled Payment to Match Cash Flow
Choose the payment frequency for each loan that meets your needs. Options include weekly, bi-weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually or annually. In certain situations, loans can be set up as interest-only for a set period of time.
Re-Borrow on Your Terms
Re-borrow against your mortgage up to the original principal amount without having to set up an additional mortgage.
What Else Do You Need to Know?
Business Loan Insurance Plan** is available for the RoyFarm mortgages (certain conditions may apply†).
Ready to Get Started?
How many employees do you have?
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The calculations and amortization schedule produced are: (i) based on the accuracy and completeness of the data you have entered, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.