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The Municipal Financing Corporation of Saskatchewan (MFC) assists in making capital funds available for the financing of:
MFC allows local authorities to minimize interest costs by offering extremely competitive interest rates and the ability to repay debt prior to maturity. In addition, MFC offers very flexible borrowing terms that can be customized to meet the needs of the project being financed.
All municipal governments, school divisions and health districts can borrow from MFC.
Benefits of borrowing from MFC
MFC allows local authorities to minimize interest costs by offering extremely competitive interest rates and the ability to repay debt prior to maturity. In addition, MFC offers very flexible borrowing terms that can be customized to meet the needs of the project being financed.
Loans from MFC can also be repaid prior to maturity, please refer our Prepayment Policy for details.
Process of borrowing from MFC
Before borrowing from MFC, local authorities require the approval of the Local Government Committee of the Saskatchewan Municipal Board.
After approval from the Local Government Committee of the Saskatchewan Municipal Board has been received, the following steps occur:
MFC interest rate
MFC's interest rates depend on the term of the debenture and current interest rate levels. The interest rate is the sum of:
Municipal governments, school divisions and health districts can borrow from MFC.
MFC allows local authorities to minimize interest costs by offering extremely competitive interest rates and the ability to repay debt prior to maturity. In addition, MFC offers very flexible borrowing terms that can be customized to meet the needs of the project being financed.
Before borrowing from MFC, local authorities require the approval of the Local Government Committee of the Saskatchewan Municipal Board.
After approval from the Local Government Committee of the Saskatchewan Municipal Board has been received, the following steps occur:
Yes. Contact us to learn about our Prepayment Policy.
MFC's interest rates depend on the term of the debenture and current interest rate levels. The interest rate is the sum of:
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