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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
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Type Term decorative Fixed
rate
(%)
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Open (1 to 4 units) 6 months decorative 7.050
1 year decorative 6.300
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Open (5 units or more) 6 months decorative 7.050
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Convertible (1 to 4 units) 6 months decorative 5.500
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Closed (1 to 4 units) 6 months decorative 4.400
1 year decorative 2.690
18 months decorative 2.890
2 years decorative 2.940
3 years decorative 3.450
4 years decorative 4.090
5 years decorative 4.740
Promotional rate
5 years
decorative 2.050
6 years decorative 5.800
7 years decorative 5.800
8 years decorative 6.600
9 years decorative 6.600
10 years decorative 6.600
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Rates guaranteed 120 days.

Legal notice

1. Subject to credit approval. Certain conditions apply.

 

FIXED-RATE MORTGAGE WITH CASHBACK
(1 TO 4 UNITS)1
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Type Cashback decorative Closed term decorative Fixed rate (%)
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Fixed-rate mortgage with cashback calculated on the amount borrowed1,2 5% decorative 5 years decorative 4.740
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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)
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decorative decorative Minimum rate (%)
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Home equity line of credit1 decorative decorative 2.700
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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
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Type Detail decorative Convertible closed term4 decorative Variable
rate
(%)
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Variable-rate mortgage1,2
1 - 4 units
Prime rate +0.00 %
Can be converted at anytime4
Fixed or variable payments
decorative 3 years decorative 2.450
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Variable-rate mortgage1,3
1 - 4 units
Prime rate -0.66%
Can be converted at anytime4
Variable payments
decorative 5 years decorative 1.790
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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 1.79%. The APR assumes a prime rate of 2,45
%
(
in effect as of March 31, 2020) - 0.66% 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

 


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