Chequing
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With Tangerine, you can borrow at a low interest rate and tap into the equity you’ve built in your home without breaking your mortgage and paying a penalty.
[[HELOC.RATE]]
Interest rate
Fixed
Payback Plan
24/7
Online Access
Withdraw funds, make payments and completely pay off your balance at any time.
Set regular fixed payments to help you pay off the principal amount sooner and save you interest over time.
You can pay off the loan at any time and use it again without having to re-apply, provide documents, or pay fees.
Consolidate your high interest debts to a lower interest rate and reduce your monthly payments.
Financing renovations that could potentially add to the value of your home.
Building your savings for an emergency fund is ideal, but sometimes you need more money to cover a large, unexpected expense.
When you’re facing a temporary financial situation and need help to cover expenses without taking on higher interest debt.
Avoid tapping into your home equity for unnecessary personal expenses, like day-to-day spending, vacations or shopping trips.
If you’re going to take on any debt, you’ll want to make sure you have a plan to pay it back.
Determine if your decision to borrow will help improve your finances in the long run or not.
Become a Client completely digitally with our Mobile Banking appa. Sign up without leaving your home or having to call us—it’s a fast, convenient and secure mobile experience.
Don’t have our Mobile Banking appa yet? Download it today, so you can bank easily from anywhere.
Whether you’re buying a new home or refinancing, we’ll help you get the rate and term that works for you.
Money that's always there to borrow when you need it, with the flexibility to repay and reuse at your own pace. There's no annual fee, and it only takes minutes to apply.
* Annual interest is calculated semi-annually, not in advance. All mortgage and Home Equity Line of Credit applications are subject to meeting Tangerine Bank’s standard credit criteria, residential mortgage standards and maximum permitted loan amounts. Conditions may apply. Interest rates are provided for information purposes only and are subject to change at any time without notice. The interest rate on your Tangerine Home Equity Line of Credit is set out in your Home Equity Line of Credit Agreement and is expressed as a variable interest rate per year equal to the Tangerine Prime Rate plus or minus an adjustment factor and will vary automatically when Tangerine’s Prime Rate changes. As of July 13, 2023, the Tangerine Prime Rate is 7.20%. “Prime Rate” is the prime lending rate published from time to time by Tangerine and is subject to change without notice.
a Some conditions may apply. Service is subject to availability and successful digital verification.
b As of August 2024 from the Google Play Store and App Store.
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