A Mortgage Option Specifically Designed to Support the Needs of Your Farm
Support all aspects for your farm business by leveraging your mortgage. This flexible loan option provides you with a series of small loans, each with their own terms, rates and schedules.
Ready to Apply?
A RoyFarm Mortgage Is Commonly Used For:
- Financing expansion or acquisition of farmland
- Purchasing equipment or quota
- Restructuring existing loans
- Business must be zoned agriculture
- Farm income or land rental income must be a minimum of $25,000
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.
Pay It Down Faster
Option to prepay up to 10% of your fixed rate term loan annually.
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Everyday Operating Accounts
Stay on top of the day-to-day financial needs of your business.
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.