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Subscribe to this pageThe Tile Drainage Loan Program provides loans to property owners in the farm land tax class and is authorized by the Tile Drainage Act.
How Can I Apply for a Loan?
To start the loan process, simply fill out the application form and return to the Municipal Office with the signed application guidelines.
- Application Form
- Tile Drain Loan Fact Sheet FAQ from the Ontario Ministry of Agriculture, Food and Rural Affairs
- Arran-Elderslie Tile Drainage Loan Application Guidelines
What are the Terms of the Loan?
- All loans have a 10 year term and are repaid in your final two property tax installments each year
- The current interest rate is 6%
- Landowners are eligible for a loan of 75% of the cost of the drainage work, up to $50,000
- The loan can be repaid in full at any time
For detailed information on the tile loan program visit the Ontario Ministry of Agriculture and Food's Drainage page.
