Customer Contribution Time Payment Plan

Financing information

Annual interest rate

7.20% (O.A.C.) for the first 5 years

Maximum financing term

10 years

Financing maximum

Up to $10,000 per property

The minimum monthly payment is $15.
The minimum that can be financed is $500.
Monthly instalments will be applied to your energy bill. Repayment of the loan is the responsibility of the property owner and not the tenant.
Additional payments may be made at any time with no penalty.
A $20 administration fee will apply for complete payments prior to 6 months.
The loan becomes due and payable when the property is sold or transfers ownership. The loan is not transferable.

Calculate what your monthly payment will be by using our online financing calculator.

Steps to participate

Step 1

Contact your local district office

To participate in the Customer Contribution Time Payment Plan, contact your local district office to see if your plans qualify.

One of our Energy Service Advisors will work with you directly to ensure your project is eligible. They will help you complete a loan application and submit the loan application to us on your behalf.
We will review the application and conduct a customer credit review.
Once approved, we will notify your ESA and your project may begin.

Step 2

Pay the loan through your monthly energy bill

After your project is approved and scheduled to move ahead, the monthly loan payment is conveniently placed on your energy bill.

You can make additional payments to your loan at any time. An administration fee of $20 is charged if your loan is paid in full during the first 6 months.

Eligibility

Financing is available with the following conditions.

Manitoba Hydro must approve your application before any work is started.
You must have an active Manitoba Hydro account to be approved for credit from Manitoba Hydro.
The applicant is either the property owner or the holder of a lease with a minimum of 10 unexpired years for property in a provincial or national park.
The service extension or plant relocation is permanent.

Calculate your payment

Do not enter any non-numeric characters (commas, dollar signs, etc.) other than decimal points in the entry boxes.

Loan amount *

Loan term (amortization period) *

Interest rate

Monthly payment

The monthly payment calculated here is for the initial 5-year term. The interest rates and monthly payments after the initial 5-year term will be based on available market rates.

Process example:

The Total Cost to be Financed is $, upon approval of customer credit and project eligibility.
You will amortize said amount over a term of months. For the initial months, maximum financing charges of $ will be repaid by equal consecutive payments of $, calculated at the true annual interest rate of % per annum on the declining monthly balance. The maximum principal amount remaining at the end of the initial month term will be $. At the end of the month term, you will be required to pay the principal amount remaining or refinance that principal over the remaining amortization period at available market interest rates. Manitoba Hydro will communicate available options to the Owner through written correspondence 3 months prior to the completion of the initial month term.

Maximum total amount to be repaid by you, including financing charges during the initial month term: $.