INVESTMENT LOANS

Payments

• A minimum payment of interest monthly is required.
• A fixed principal and interest payment option that amortizes the loan over a 20 year period is also available.
• Payments are debited from your client's deposit account on the 20th day of each month.
• Please include a void cheque with loan submissions (not required if applying online).

For a fast and simple way to calculate loan payments, click here

Margins

Wealth Builder Investment Loan

• There is no margin call on the Wealth Builder Investment Loan.

2 for 1 Investment Loan

• Margin call and no margin call options are available.
• The loan to value ratio ("LTV") starts at a maximum of 67%. On loans with the margin call option, a margin call occurs if the LTV reaches 85% or more.
• Should a margin call occur, the LTV must be lowered to 80% or less. This can be accomplished by paying down the loan, by pledging more eligible funds, or a combination of the two.
• Trading of securities will not be permitted if the loan is in a margin call position or if the trade would cause a margin call.

Fees

• An administration fee of $45.00 is charged for items such as a change in loan terms after the funding date (e.g. payment preference), late or missed payments, settlement of a margin call (for loans with a margin call feature), duplicate statements, or processing of a manual payment.
• For complete fee details, refer to the “Loan and Security Agreement” in the application