- New residential and farm service installations are eligible for financing from $1,000 to $2 million, not including a minimum required 25% down payment.
- New commercial and industrial service installations are eligible for financing from $5,000 to $2 million, not including a minimum required 25% down payment.
For loan applications greater than $25,000, we will estimate the creditworthiness of potential borrowers. We will take into account past credit history, personal net worth and debt servicing burdens for individuals, and the financial strength of corporations through the review of corporate financial statements.
Depending on the circumstance, we may require:
- A personal guarantee by primary shareholder(s) in the case of corporations
or
- A charge against the property or equipment being serviced in the case of corporations or individuals.
In all cases, for loans greater than $25,000 a caveat will be registered against the property being serviced. SaskPower reserves the right to refuse a loan application if it deems the applicant has inadequate financial ability to service the loan.
$ 1,000* - $ 25,000 |
$ 25,001 - $ 2,000,000 |
||
| Term of Loan | Interest | Term of Loan | Interest |
1 Year |
8.30% |
1 Year |
7.70% |
2 Years |
8.45% |
2 Years |
7.85% |
3 Years |
8.60% |
3 Years |
8.00% |
4 Years |
8.70% |
4 Years |
8.10% |
5 Years |
8.85% |
5 Years |
8.25% |
10 Years |
9.30% |
10 Years |
8.70% |
*Minimum residential/farm loan $1,000. Minimum commercial loan $5,000.
