Skip to content
       
Prime rate and base rate Loans and personal line of credit Loans and RSP lines of credit Mortgage loans and lines of credit Personal bank accounts GIC ActionGIC Evolution of the ActionGIC Cash Account Fund performance Term deposit

Mortgage loans and lines of credit
Fixed-rate mortgage1
Type Term Fixed
rate
(%)
Open (1 to 4 units) 6 months 7.050
1 year 6.300
Open (5 units or more) 6 months 7.050
Convertible (1 to 4 units) 6 months 5.500
Closed (1 to 4 units) 6 months 4.400
1 year 2.690
18 months 2.890
2 years 2.940
3 years 3.450
4 years 4.090
5 years 4.740
Promotional rate
5 years		 2.440
6 years 5.800
7 years 5.800
8 years 6.600
9 years 6.600
10 years 6.600

Rates guaranteed 120 days.

Legal notice

1. Subject to credit approval. Certain conditions apply.

 
High-ratio fixed rate mortgage/APR1
Type Fixed rate (%)
5-year closed term 2.19%

Legal notice

1. Certain terms and conditions apply. Rate applicable exclusively to new mortgage loans. A high-ratio mortgage is a loan for which clients have a down payment of less than 20% for the purchase of a residential property. To be eligible for this offer, these customers require mortgage default insurance and to meet the terms and conditions. Rate effective June 30, 2021 and subject to change without notice. For informational purposes only, the Annual Percentage Rate (APR) of 2.09% is based on a loan of $150,000, amortized over 20 years and with a closed term of 5 years. Subject to credit approval. The rate then in effect and offered when the loan is approved is guaranteed up to 120 days after the loan approval date. This offer can be amended, suspended or withdrawn at any time without notice.

 
FIXED-RATE MORTGAGE WITH CASHBACK
(1 TO 4 UNITS)1
Type Cashback Closed term Fixed rate (%)
Fixed-rate mortgage with cashback calculated on the amount borrowed1,2 5% 5 years 4.740

Rate guaranteed 90 days.

Legal notice

1. Subject to credit approval. Certain conditions apply. This offer applies to new mortgage requests and mortgage renewals. It cannot be combined with any other offer and is subject to change without notice. Cashback is calculated according to the amount borrowed and used. The maximum cashback is $25,000.
2. For a $100,000 loan amortized over 25 years with a 5-year term, the APR is 4.74%.

 
Home equity line of credit
(1 TO 4 UNITS)
Minimum rate (%)
Home equity line of credit1 2.700

Legal notice

1. Subject to credit approval. Certain conditions apply. Rate based on the Laurentian Bank line of credit base rate. The granted interest rate depends on the financial situation of each client. The variable rate can change without notice.

 
VARIABLE-RATE MORTGAGE
(1 TO 4 UNITS)1
decorative
Type Detail Convertible closed term4 Variable
rate
(%)
Variable-rate mortgage1,2
1 - 4 units		 Prime rate +0.00 %
Can be converted at anytime4
Fixed or variable payments		 3 years 2.450
Variable-rate mortgage1,3
1 - 4 units		 Prime rate -0.90%
Can be converted at anytime4
Variable payments		 5 years 1.550

Rate adjustment factor guaranteed 90 days

Legal notice

1. Subject to credit approval. Certain conditions apply. Subject to change without notice.
2. The APR for a $100,000 loan amortized over 25 years with a 3-year term is 2.45%. The APR assumes a prime rate of 2,45%
(in effect as of March 31, 2020) + 0.00 % applicable for the duration of the loan. The applicable interest rate will fluctuate with Laurentian Bank’s prime rate for the duration of the loan.
3. The APR for a $100,000 loan amortized over 25 years with a 5-year term is 1.55%. The APR assumes a prime rate of 2,45%
(in effect as of March 31, 2020) - 0.90% applicable for the duration of the loan. The applicable interest rate will fluctuate with Laurentian Bank’s prime rate for the duration of the loan.
4. Convertible at any time for a fixed-rate closed term equal to or greater than the remaining term.
APR: Annual percentage rate