† 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.
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.
The Annual Percentage Rate (APR) is based on a new $275,000 mortgage for the applicable term and a 25-year amortization assuming a Property Valuation Fee of $300.
APR means the cost of borrowing for a loan expressed as an interest rate. It includes all interest and non-interest charges associated with the mortgage. If there are no non-interest charges, the annual interest rate and APR will be the same.