NON REGISTERED BORROWING

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NON REGISTERED BORROWING

 
Loan Limits
For mutual fund and segregated fund loans, the minimum loan is set at $10,000 and the maximum is $250,0002. Please note that the maximum aggregate approval that we can provide is $250,000 and this will take into consideration the sum total of all personal loans (excluding mortgages) that your client has with our loans provider3.
 
Interest Rates
Mutual Fund Loans

Rates are floating based upon a tiered formula as follow:

         
Loan Balance 2 for 1 Original Loan Amount Wealth Builder With Principal & Interest Payments Wealth Builder with Interest Only payements
$0.01 - 9,999 Prime + 2.75% n/a n/a n/a
$10,000 - 24,999 Prime + 1.25% $10,000 - 24,999 Prime + 1.50% Prime + 1.75%
$25,000 - 49,999 Prime + 0.75% $25,000 - 49,999 Prime + 1.00% Primce + 1.25%
$50,000 - 250,000 Prime + 0.50% $50,000 - 250,000 Prime + 0.75% Prime + 1.00%

The rate charged to you for the 1 for 1 will be based upon the daily balance outstanding and will fluctuate with changes in prime and with changes in the loan balance.

The rate charged to you for the Wealth Builder will be based upon the initial amount borrowed and will fluctuate with changes in Prime but not changes in the loan balance.

Segregated Fund Loans
The rate charged to you on any of the Segregated Fund Loans will be based upon the initial amount borrowed and will fluctuate with changes in Prime but not changes in the loan balance.
       
Original Loan Amount Wealth Builder With Principal & Interest Payments Wealth Builder With Interest Only Payments 2 for 1
$10,000 - 24,999 Prime + 2.00% Prime + 2.25% Prime + 2.00%
$25,000 - 49,999 Prime + 1.50% Prime + 1.75% Prime + 1.50%
$50,000 - 99,999 Prime + 1.25% Prime + 1.50% Prime + 0.75%
$100,000 - 250,000 Prime + 1.00% Prime + 1.25% Prime + 0.50%