 TD Canada Trust - Investment Lending
Services loans are competitively price so you can offer your
clients excellent value. For interest only payment options, the interest accrues daily.
The monthly payment amounts are not fixed so they vary from month
to month. This ensures the principal amount of the loan does not
increase as rates increase. | All loans in
Advisors' name | TD Prime +
0.00% |
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| All loans for
investment in TD Mutual Funds | TD Prime + 1.00%* |
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| All loans using
non-TD funds | TD Prime + 1.25%* |
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| All cash
surrender value (CSV) loans | TD Prime + 1.25% |
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*For 100% loans only: If the
LTVR exceeds 120%, add 0.5% to the rate
Payments- All our loans offer interest only or
blended payments - maximum 30 year amortization.
- 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.
- For 100% No Margin Call and 3 for 1 No
Margin Call loans only: If LTVR ever exceeds 135%, then blended
principal and interest payments would begin based on a 20 year
amortization.
- An annual loan statement is issued as at
December 31st, reflecting the interest paid on the loan and the
principal balance.
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