| Prime rate and base rate | |||
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Rate (%) | ||
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| Prime Rate | 2.450 | ||
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| U.S. Base Rate | 3.750 | ||
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| Variable Base Rate (Personal Loans) | 4.700 | ||
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| Line of Credit Base Rate | 4.700 | ||
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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 | |||
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| Change date | Rate | ||
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| March 31, 2020 | 4.700 | ||
| March 18, 2020 | 5.200 | ||
| March 6, 2020 | 5.700 | ||
| November 1, 2019 | 6.200 | ||
| September 20, 2019 | 6.200 | ||
| October 25, 2018 | 6.200 | ||
| July 11, 2018 | 5.950 | ||
| January 18, 2018 | 5.700 | ||
| September 7, 2017 | 5.450 | ||
| July 13, 2017 | 5.200 | ||
| June 14, 2017 | 4.950 | ||
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| HISTORIC Variable Base Rate (Personal Loans) | |||
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| Change date | Rate | ||
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| March 31, 2020 | 4.700 | ||
| March 18, 2020 | 5.200 | ||
| March 6, 2020 | 5.700 | ||
| November 1, 2019 | 6.200 | ||
| September 20, 2019 | 6.200 | ||
| October 25, 2018 | 6.200 | ||
| July 11, 2018 | 5.950 | ||
| January 18, 2018 | 5.700 | ||
| September 7, 2017 | 5.450 | ||
| July 13, 2017 | 5.200 | ||
| June 14, 2017 | 4.950 | ||
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