Pooled financing

Important : Please note that Financement-Québec was dissolved on March 31, 2025, and that its activities were transferred to the Financing Fund on April 1, 2025.

The Ministère des Finances offers Québec’s public‑sector bodies financing at the lowest possible cost through pooled financing. Loans are granted at the government’s borrowing cost, to which are added service fees.

Pooled financing is offered by the Financing Fund, which offers services to in the Québec government’s bodies.

This web page contains further information.

Interest rates and fees applicable to loans

The terms and conditions of loans granted by the Financing Fund are established in accordance with the criteria set by Québec government decree with respect to:

• the fixing of interest rates;
• the nature of the costs taken into consideration in calculating these rates;
• the fees that may be charged for the service of these loans.

The applicable issuance and service fees are set out in a fee schedule, in accordance with the aforementioned decrees. This fee schedule is consistent with the objectives and principles pursued by the Financing Fund.

Guarantees required on loans granted

The Financing Fund require a guarantee on the loans it grants. This generally consists of:

• a hypothec covering the subsidy granted by the government to the borrowing body to repay its loan;
  or
• a commitment by the minister responsible for the body to exercise his or her powers should the body default on the loan, to ensure that the body remedies the situation.