The rating of the best interest rates under the business overdrafts in May 201930.05.2019
Bankchart.ca has surveyed the terms of the offered business overdraft for termless in the national currency. Our website's analysts have studied the loan offers from all Canadian banks, which place rates on their websites. Review date - 30.05.2019
As of 13 May 2019 the loans under review have been offered by 2 banks. The average interest rate under such loans equals 6,12 % p.a. The total number of the loan programs available for the specified loan terms is 3.
The most affordable business loan is offered by Canadian Imperial Bank Of Commerce (CIBC). The comparison rate under "CIBC Small Business Overdraft (Secured)" loan program constitutes 4,45 % p.a. The table below shows the best offers by each bank selected by Bankchart.ca (in terms of costs) for the aforementioned terms.
The TOP-2 business overdraft loan programs for termless, as of 13 May 2019
#
Bank
Interest Rate, %
1
4,45
interest rate, %
rate type
variable
facility fee
$ 9,50, monthly
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Published: 30 May 2019
Author: Prostobank Consulting
Source: https://bankchart.ca