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.*

Interested in a CIBC Business loan or line of credit?

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

1-800-465-2422 toll free

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.