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Prescribed interest rate loans

Loans from $50,000 to $500,000 for UBC Vancouver faculty members to help in the purchase of a primary residence in Metro Vancouver.

The Prescribed Interest Rate Loan (PIRL) program is a merit-based program that offers low-interest and interest-payment-only loans to full-time tenure-stream faculty members for the purchase or refinance of a primary residence in Metro Vancouver. Loan amounts range from $50,000 and up to $500,0000 in rare and exceptional cases. Applicants are assessed on merit with priority given to tenured faculty and those of highest strategic consideration for recruitment and retention through an adjudication process overseen by the Provost Office.



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