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Investment Lending Services
Interest Rates & Payments
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TD Canada Trust Investment Lending Services Loans are
competitively priced so you can offer your clients excellent value. All interest rates are based on TD Prime Rate (displayed in the top right corner of this page).
| All loans in Advisors' name |
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TD Prime
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| All loans for TD investments |
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| $15,000 - $249,999 |
TD Prime + 0.25% |
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| $250,000 and over |
TD Prime |
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| All other loans |
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| $15,000 - $99,999 |
TD Prime + 0.75% |
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| $100,000 - $249,999 |
TD Prime + 0.50% |
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| $250,000 and over |
TD Prime |
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Note: Add 0.25% for all 100% No Margin Call or Margined Loans.
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Payments
- Interest only payments are due on the 21st of each month and are made by pre-authorized debit from the client's account.
Blended principal and interest payments may be made any day of the month, starting no more than 45 days from the loan approval date. Payment must be made on the same calendar day every month by pre-authorized debit from the client's account.
- All loans are fully open and may be repaid in full or in part at any time without penalty. Monthly loan obligations continue as agreed.
- All loans offer the option of interest only or blended principal and interest (maximum 30-year amortization) payments.
- 3-for-1 No Margin Call and 100% No Margin Call Loan payments switch to 20-year blended principal and interest payments if the loan to value ratio exceeds 135%
- An annual loan statement is issued as at December 31st, reflecting the interest paid on the loan and the principal balance.
MONTHLY PAYMENT FACTORS
PER $1,000 OF PRINCIPAL LOAN AMOUNT
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| Amortization Rates
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5
Years
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10
Years
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15
Years
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20
Years
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30
Years
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| 3.00% |
17.9687 |
9.6561 |
6.9058 |
5.5460 |
4.2160 |
| 3.25% |
18.0800 |
9.7719 |
7.0267 |
5.6720 |
4.3521 |
| 3.50% |
18.1919 |
9.8888 |
7.1490 |
5.7998 |
4.4907 |
| 3.75% |
18.3039 |
10.0006 |
7.2722 |
5.9289 |
4.6312 |
| 4.00% |
18.4165 |
10.1245 |
7.3969 |
6.0598 |
4.7742 |
| 4.25% |
18.5296 |
10.2438 |
7.5228 |
6.1923 |
4.9194 |
| 4.50% |
18.6430 |
10.3638 |
7.6499 |
6.3265 |
5.0669 |
| 4.75% |
18.7570 |
10.4848 |
7.7783 |
6.4622 |
5.2165 |
| 5.00% |
18.8712 |
10.6066 |
7.9079 |
6.5996 |
5.3682 |
| 5.25% |
18.9860 |
10.7291 |
8.0388 |
6.7384 |
5.5220 |
| 5.50% |
19.1012 |
10.8526 |
8.1708 |
6.8789 |
5.6779 |
| 5.75% |
19.2168 |
10.9769 |
8.3041 |
7.0208 |
5.8357 |
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| 6.00% |
19.3328 |
11.1021 |
8.4386 |
7.1643 |
5.9955 |
| 6.25% |
19.4492 |
11.2280 |
8.5742 |
7.3093 |
6.1572 |
| 6.50% |
19.5661 |
11.3548 |
8.7111 |
7.4557 |
6.3207 |
| 6.75% |
19.6835 |
11.4824 |
8.8491 |
7.6036 |
6.4860 |
| 7.00% |
19.8012 |
11.6108 |
8.9883 |
7.7530 |
6.6530 |
| 7.25% |
19.9194 |
11.7401 |
9.1286 |
7.9038 |
6.8218 |
| 7.50% |
20.0379 |
11.8702 |
9.2701 |
8.0559 |
6.9921 |
| 7.75% |
20.1570 |
12.0011 |
9.4128 |
8.2095 |
7.1641 |
| 8.00% |
20.2764 |
12.1328 |
9.5565 |
8.3644 |
7.3376 |
| 8.25% |
20.3963 |
12.2653 |
9.7014 |
8.5207 |
7.5127 |
| 8.50% |
20.5163 |
12.3984 |
9.8472 |
8.6780 |
7.6891 |
| 8.75% |
20.6372 |
12.5327 |
9.9945 |
8.8371 |
7.8670 |
| 9.00% |
20.7584 |
12.6676 |
10.1427 |
8.9973 |
8.0462 |
| 9.25% |
20.8799 |
12.8033 |
10.2919 |
9.1587 |
8.2268 |
| 9.50% |
21.0019 |
12.9398 |
10.4422 |
9.3213 |
8.4085 |
| 9.75% |
21.1242 |
13.0770 |
10.5936 |
9.4852 |
8.5915 |
| 10.0% |
21.2470 |
13.2151 |
10.7461 |
9.6502 |
8.7757 |
| For example, you may wish to calculate the payment on a
$100,000 loan at a time when the Prime Rate is 6.50%, and the desired amortization is 30 years. The initial rate on this
loan is P + 0.50% = 7.00%. The initial payments will be 100 X $6.6530 = $665.30 per month. |
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For advisor use only.
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TD Prime Rate:
4.750%
Effective Date APR 23, 2008
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