Instalment Loans (Fixed or Variable)

Designed to help your small business purchase fixed assets or help finance your company's long-term growth, CIBC Instalment loans are available in any amount, with loan rates that are competitive and convenient.*

	Visit the nearest CIBC Branch or contact your CIBC business advisor.

Key benefits

Makes you money	Loans can be used to finance up to 100% of asset acquisition costs; this will free up your company's working capital, which can then be used as an additional investment in your business to increase profitability
Gives you money	Your loan can be amortized over a period of time to suit your cash flow**, resulting in manageable monthly payments
Flexible options	Choose either a fixed interest rate (to hedge against interest rate fluctuations) or a variable interest rate*** A variable-rate loan can be repaid at any time without penalty
Saves you time	Once the loan is approved and set up, funds are available when you need them
Convenient	Instalment Loans are typically repaid on a monthly basis; however, we will work with you to tailor the principal repayment schedule to meet your cash flow needs** Payments are automatically deducted from your business operating account on the payment due date based on the information indicated on your monthly statement No minimum borrowing requirements and no maximum loan amount

Is it for you?

Instalment Loans (Fixed or Variable) could be for you if you:

• Need money to buy fixed assets
• Want protection against short-term interest rate fluctuations
• Need to make repayments in line with your business' seasonal cash flows

Optional features

• Option of either competitive fixed or variable interest rates
• Repayment options for fixed rates include:
  • Blended principal and interest
  • Principal plus interest with principal payable monthly or quarterly
• Prepayment of variable interest rate loans without prepayment penalties
• Repayment of the loan is set to match your cash flow needs, based on the useful life of the asset financed

Information you need to know

• The loan can be amortized over a maximum of 15 years****
• The application fee is based on a percentage of the amount borrowed

Trademarks and Disclaimers

*All applicants must meet CIBC's lending criteria. Subject to credit approval. Rates and limits will be determined based on an assessment of your application. Some conditions and restrictions may apply.

**Subject to CIBC approval.

*** Interest rate will be determined based on an assessment of your application.

**** For 5-year term loans only. Terms of 1 to 4 years must have equal amortization.

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