The prime rate plus 5% or 6%. Today the prime rate is about 4%. Four plus six equals 10; so the maximum rate is 10%.
On March 31st, 2009. See this statement in context.
On March 31st, 2009. See this statement in context.
March 31st, 2009 / 9:35 a.m.
Executive Vice-President, Financing and Consulting, Business Development Bank of Canada
The prime rate plus 5% or 6%. Today the prime rate is about 4%. Four plus six equals 10; so the maximum rate is 10%.
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