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    Current interest rates.

    As of July 1st, 2023 (applicable to loans approved on or after this date while these rates remain in effect):

    Closed rate loans:

    Amortization Full Term Interest Rates – Term Loan
    Interest Rate % Ten-year Term % Five-year Term % Three-year Term %
    1 to 5 years 6.95 — 6.95 6.95
    6 to 10 years 6.70 6.70 6.80 6.95
    11 to 15 years 7.35 7.05 6.75 6.90
    16 to 20 years 7.70 7.40 6.70 6.90

    Open repayment rate loans:

    Interest Rates
    Length (years) Full Term
    1-5 8.25%
    6-8 8.80%
    9-10 9.05%
    11-15 9.45%
    16 – 20 9.75%

    Lending calculator

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    For a $ loan at % with a year amortization, your payment will be $.
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TRURO – HEAD OFFICE

74 Research Drive

Bible Hill, NS B6L 2R2

T: 902-893-6506

F: 902-895-7693

KENTVILLE – FIELD OFFICE

Kentville Agricultural Centre

32 Main Street

Kentville, NS B4N 1J5

T: 902-679-6009

F: 902-679-4997

FLBNS@novascotia.ca

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