interest rates for CANHELP: LIBOR + 2.9% if no co-signer, LIBOR + 2.4% if yes co-signer. in addition, there's a "guarantee fee" as follows:
"a guarantee fee of 8.0% of the total loan will be added to the amount borrowed and then deducted from the disbursement, and 2% will be added to the original principal amount at repayment, if you are applying on your own signature. A one-time guarantee fee of 8.5% will be added to the amount borrowed and then deducted from the disbursement if you are applying with a creditworthy co-signer."
in the examples provided by CANHELP, which assumes a $10,000 loan, a LIBOR of 1.1% and a deferment period of 24 months, a co-signed loan makes the principal at the time of beginning repayment $11,697.22, and a non-co-signed loan makes the principal at the time of beginning repayment $11,977.35.
doesn't seem too unreasonable on the face of it, but i'm not too sure what else is out there.
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