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CEBA Loan Program Repayment Changes
The Government of Canada has extended the interest free period for CEBA loans and the repayment date by which eligible program participants will be eligible for forgiveness of a portion of their CEBA loan. CEBA loans will remain interest free until December 31, 2023, followed by an interest rate of 5% per annum effective January 1, 2024. To receive the forgiveness of a portion of their CEBA loan eligible borrowers must repay the CEBA loan in full (less available forgiveness) by December 31, 2023.
All members with outstanding CEBA loan balances as at the end of October, 2022 have been sent notices advising of these program changes specific to their individual circumstances. If you have not received your notice, please contact Interior Savings at:
All members with outstanding CEBA loan balances as at the end of October, 2022 have been sent notices advising of these program changes specific to their individual circumstances. If you have not received your notice, please contact Interior Savings at:
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