Mortgage Offer Terms & Conditions


  1. The Tangerine Bank (the “Bank”) Mortgage Purchase Cash Offer (the “Offer”) applies to new Mortgage applications for a home purchase only. The new Mortgage amount must be at least $350,000 CAD with an amortization of 25 years or less and must be set up as a closed fixed rate Mortgage with a 5 year term or greater, or a closed variable rate Mortgage with a 5 year term. Applications for the transfer of an existing mortgage with another lender or financial institution to Tangerine Bank, a Home Equity Line of Credit, refinancing of existing Tangerine Mortgages, increases to existing Tangerine Mortgage amounts, renewals of existing Tangerine Mortgages and/or transfers of existing Tangerine Mortgages to new properties are excluded from this Offer.

  2. To qualify for the Offer, the Mortgage application must be submitted to Tangerine Bank between December 16, 2021 and October 31, 2022 (the “Offer Period”), and the Mortgage must fund within 120 days of application submission.

  3. Applicants must submit to a credit check as part of the Mortgage application process, and applicants must be approved for the Mortgage per Tangerine’s underwriting guidelines and credit granting criteria, which includes approval for mortgage default insurance, where applicable, by the mortgage default insurer. This Offer is only available to the primary Borrower approved for the Tangerine Mortgage (the “Client”). All other relevant conditions included in the Tangerine Account Terms also apply.

  4. All Tangerine Mortgages must be in first position.

  5. Rates are subject to change without notice.

Cash Bonus:

  1. The cash Bonus (the “Bonus”) available to be earned is as follows:

    Mortgage amount Bonus amount
    $350,000 - $749,999 $2,000
    $750,000 and above $5,000
  2. To receive the applicable Bonus, the eligible Client must have a Tangerine Chequing Account into which the Bonus will be paid. The Bonus will be paid within 30 days of the funding of the Tangerine Mortgage. The Tangerine Chequing Account must be open and free of restrictions on the day the Bonus is paid in order to receive it.

  3. Where the Mortgage is held jointly by two or more Co-Borrowers, the Client (i.e. the primary Borrower) will receive the Bonus.

  4. If a Client doesn’t have a Tangerine Chequing Account, he or she will need to open one within 30 days following the funding of the Tangerine Mortgage in order for the Bank to make the applicable Bonus deposit. If the Client doesn’t want to open a Tangerine Chequing Account, this won’t have an impact on the evaluation of the Client’s Mortgage application, but they will no longer be eligible to receive the Bonus.


  1. Limit of one Bonus per Tangerine Mortgage. This Offer is non-transferable, non-saleable and can’t be combined with any other discounts, offers, or promotions except as otherwise permitted. Where an eligible Client qualifies for more than one promotional Mortgage cash back Bonus offer from the Bank, this Offer will cancel any other existing promotional Mortgage cash back Bonus offers.

  2. The Bank reserves the right at its absolute discretion to vary, delete or add to any of these Terms and Conditions from time to time without prior notice. In the event of conflict, these Terms and Conditions will prevail over any of the contents of any brochure, promotional materials or statements, or any other communication regarding this Offer, whether written or oral from the Bank, except where otherwise stated.

  3. The Bank reserves the right at its sole discretion, without advance notice, to extend, suspend, terminate, or otherwise modify the Offer, in whole or in part, for any reason or if the Offer can’t run as planned including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the reasonable control of the Bank which corrupt or affect the administration, security or proper conduct of this Offer.

  4. The Bank reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Offer for any Client it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Offer or who otherwise is deemed ineligible.

  5. By accepting this Offer, the Client agrees that he/she has read and understood these Terms and Conditions and agrees to be bound by them. Any notice with respect to this Offer is deemed to be provided on the day it is posted on the Bank’s website.