Customer Contribution Time Payment Plan

Our Customer Contribution Time Payment Plan is a convenient on-bill financing for service extension work that we do for customers of all rate classes.

Financing is available to our customers with approved credit for projects related to individual service extensions, plant relocations, or conversions from overhead to underground wiring facilities.

ANNUAL INTEREST RATE

6.50% (O.A.C.)

for the first 5 years

MAXIMUM FINANCING TERM

10 years

FINANCING MAXIMUM

Up to $10,000

per property

Eligibility

We must approve your application before any work starts.
You must have an active account with us in order to be approved for credit from us.
You must be 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.

How to participate

Step 1Contact your local district office

Contact your local customer service centre to see if you qualify. One of our Energy Service Advisors will work with you to determine if your project is eligible.

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Step 2Fill out and submit the loan application

More details about Step 2

Step 3Pay the loan through your monthly energy bill

More details about Step 3

Financing details

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 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: $.