Queen's University faculty/staff may take out a loan with the University to purchase a microcomputer subject to the following conditions:

• application for a loan is made to Computing Services, Dupuis Hall
• the loan may not exceed $5,000 (including Provincial Sales Tax)
• the maximum repayment period is 3 years, though employees can choose a shorter repayment period (employees on short-term appointments of less than 3 years must repay the loan with the term of their appointment)
• the microcomputer must be purchased from Queen's University, specifically the Computing Services Microcomputer Store, Dupuis Hall
• the loan must be repaid by way of payroll deduction the interest not charged by the University will be a taxable benefit and be reported on the employees T4 form (interest will be computed at the rate prescribed by the Federal Government)
• maintenance and insurance are the employee's responsibility, though after the warranty period, service on a fee basis is available from Computing Servic
• upon termination of employment the outstanding balance remaining is due and payable and must be repaid before the employee leaves the University
• an employee may have only one loan at any time
• subsequent purchases cannot be added to an existing loan
• when an outstanding loan has been paid off, an employee may apply for another loan