Laurentian Bank: Laurentian Bank of Canada.
Subject to credit approval. Certain conditions apply. Additional information and documentation may be requested at Laurentian Bank’s sole discretion for the approval of the loan. Laurentian Bank reserves the right to restrict approvals on applications that do not meet the Office of the Superintendent of Financial Institutions’ (OSFI) defined Loan to Income (LTI) ratio.
1st rank conventional mortgage only representing 80% or less of the property value.
When offered.
To ensure that the calculations in the table above are accurate, some amounts have been rounded. Average monthly interest (total amount of interest paid during the term divided by the number of payments made).
To ensure that the calculations in the table above are accurate, some amounts have been rounded. The monthly payment example includes principal and interest. Example is based on a $150,000 mortgage with a 5-year term, a residual amortization period of 20 years and an interest rate of 3.99%, which is equivalent to the APR.
Example is based on a $15,000 balance amortized over 5 years with an 9.00% interest rate, which is equivalent to the APR.
Example is based on a $5,000 balance amortized over 49 months, a monthly payment of $150, and a 20.00% interest rate.
Example is based on a $10,000 loan with a 5-year term and a 7.00% interest rate, which is equivalent to the APR.
Example based on a line of credit base rate of 6.20% minus a client rate adjustment of 1.45%. The applicable interest rate depends on the client’s financial situation. The line of credit base rate can change at any time without notice.
Example is based on a $30,000 balance, a 10-year amortization period and a 4.75% interest rate, which is equivalent to the APR.