* The 3.50% (Tangerine Prime – 0.95%) Mortgage Rate Offer (the “Offer”) is only available on an Eligible Mortgage (as defined below) to Clients who: (1) receive a communication about the Offer directly from Tangerine Bank, (2) request a call with a Tangerine Mortgage Specialist via the link provided in their Offer communication, (3) submit an Eligible Mortgage application with a Tangerine Mortgage Specialist by September 17, 2026, and if approved the Mortgage must be funded within 120 days of application submission, and (4) prior to funding, set up their recurring Mortgage payments from a Tangerine Chequing Account.
Note that applications submitted through any other mechanism, even if approved, or applications that do not meet all Offer conditions are not eligible for this Offer.
“Eligible Mortgage” means a new residential Tangerine Mortgage or a transfer of an existing residential mortgage from another lender to Tangerine Bank, that is a 35 year variable rate closed Mortgage with a principal amount of at least $350,000 CAD. Note that prepayment charges with the existing lender may apply if the mortgage has not reached its maturity date. Applications for a Home Equity Line of Credit, refinancing of existing Tangerine Mortgages, applications for increases to existing Tangerine Mortgage amounts, renewals of existing Tangerine Mortgages and/or transfers of existing Tangerine Mortgages to new properties are not eligible for this Offer.
** Preferred rates may vary by Client based on the date of the Mortgage Rate Request form. Preferred rates are subject to change. All Mortgage applications are subject to meeting Tangerine’s standard credit criteria, residential mortgage standards and maximum permitted loan amounts.
This Offer is non-transferable and may be changed, withdrawn, suspended or extended at any time, without notice to you and may not be combined with any other discounts, offers, or promotions. Applicants must consent to a credit check as part of the Mortgage application process, and applicants must be approved for the Eligible Mortgage per Tangerine’s underwriting guidelines and credit granting criteria, which include approval for high-ratio mortgage insurance, where applicable, by the insurer. All Tangerine Mortgages must be registered in first position. Other conditions applicable to the Mortgage may apply.
‡ The annual interest rate for a mortgage is calculated half-yearly, not in advance. The Annual Percentage Rate (“APR”) is 3.53%, based on a 5 year variable rate closed Mortgage at Tangerine Prime – 0.95%, of $350,000 with a 25 year amortization and an appraisal fee of $250 and a funding processing fee of $280, which will be required to complete your lending application (actual appraisal fee may vary). Note that if you are transferring your mortgage, prepayment charges with the existing lender may apply if the mortgage has not reached its maturity date. Variable rates are expressed as a total rate but will be set out in your Tangerine Commitment/Approval Letter expressed as Tangerine’s Prime Rate plus/minus an adjustment factor. The total variable interest rate you pay on your Mortgage may differ than that expressed in this Offer and will vary automatically when Tangerine’s Prime Rate changes.
^ When you apply for a Mortgage, your interest rate will be guaranteed from the date you submitted your application up to a maximum of 120 days. After 120 days, we may adjust the rate if the Mortgage is not advanced. For a variable rate Mortgage, the Tangerine Prime Rate can change at any time, but the adjustment factor will remain the same during the rate guarantee period
