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Queen's University
 

Microcomputer Loans

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

Kingston, Ontario, Canada. K7L 3N6. 613.533.2000