‡ TDBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by TDBC in Canada. TDBC Prime rate was RDS%rate.PRIME.Published(null,null,null,null)(#O2#)% on RDS%SYSTEM_DATE(#M# #d#, #Y#)%. The interest rate on the line of credit component of your TDBC Home Power Plan will change whenever TDBC Prime varies.
On November 22, 2021, your rate will revert to the ongoing interest rate stipulated in your TDBC Home Power Plan Line of Credit and Mortgage Loan Terms and your TDBC Line of Credit Statement of Disclosure. Apply for a new TDBC Home Power Plan by June 30, 2021 and open the line of credit component by August 31, 2021; this is subject to credit approval. This offer is only available to applicants that do not hold a TDBC Home Power Plan at the time of application, unless the TDBC Home Power Plan to which this offer applies is not secured by the same property securing the applicant’s existing TDBC Home Power Plan or Home Power Line of Credit. A $300 property valuation fee applies. Other conditions apply. Offer ends on June 30, 2021. TDBC may change or cancel this offer at any time without notice.
TDBC Home Power Plan is offered by TDBC. All TDBC Home Power Plan applicants must meet TDBC’s lending criteria. Minimum borrowing amount is $10,000. Minimum equity in your home is required to qualify. Available on residential properties only. Some conditions and restrictions apply.
1 Access up to 80% of the appraised value of your home, or of your non owner-occupied rental properties of up to four units.
2 Automatic rebalancing of the line of credit component of your TDBC Home Power Plan may take up to 60 days and is subject to your maximum PLC rebalancing limit, as such term is defined in your TDBC Home Power Plan Agreement. The credit limit on the line of credit component of your TDBC Home Power Plan cannot exceed an approved percentage of the value of the property held as security for your TDBC Home Power Plan at time of application.