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Prime rate and base rate

Prime rate and base rate
  Rate (%)
Prime Rate 7.200
U.S. Base Rate 9.000
Variable Base Rate (Personal Loans) 9.450
Line of Credit Base Rate 9.450

Historic Line of Credit Base Rate
Historic Variable Base Rate

The expression "Bank's prime rate" refers to the annual interest rate announced by the Bank from time to time as being its reference rate then in effect for commercial loans, in Canadian dollars. The expression "Bank's U.S. base rate" refers to the annual variable interest rate announced by the Bank from time to time as the reference rate in effect to determine the interest rates applicable to commercial loans in U.S. dollars granted by the Bank in Canada and based on a calendar year. Certain conditions apply. The rates mentioned on this site can be modified at any time and without prior notice by Laurentian Bank.

 

HISTORIC LINE OF CREDIT BASE RATE
Change date Rate
July 28, 2023 9.450
July 13, 2023 9.450
June 8, 2023 9.200
May 4, 2023 8.950
March 23, 2023 8.950
February 2, 2023 8.950
January 26, 2023 8.950
December 16, 2022 8.700
December 8, 2022 8.700
November 4, 2022 8.200
October 27, 2022 8.200
September 23, 2022 7.700
September 8, 2022 7.700
July 29, 2022 6.950
July 14, 2022 6.950
June 2, 2022 5.950
May 5, 2022 5.450
April 14, 2022 5.450
March 18, 2022 4.950
March 31, 2020 4.700
March 18, 2020 5.200
March 6, 2020 5.700

 

HISTORIC Variable Base Rate (Personal Loans)
Change date Rate
July 28, 2023 9.450
July 13, 2023 9.450
June 8, 2023 9.200
May 4, 2023 8.950
March 23, 2023 8.950
February 2, 2023 8.950
January 26, 2023 8.950
December 16, 2022 8.700
December 8, 2022 8.700
November 4, 2022 8.200
October 27, 2022 8.200
September 23, 2022 7.700
September 8, 2022 7.700
July 29, 2022 6.950
July 14, 2022 6.950
June 2, 2022 5.950
May 5, 2022 5.450
April 14, 2022 5.450
March 18, 2022 4.950
March 31, 2020 4.700
March 18, 2020 5.200
March 6, 2020 5.700