Initial Application Fees
Subsequent Application Fees
Default Interest (Pre-Default Date)
Default Interest (Post-Default Date)
Repayment without Proof of Sale Penalty Rate
Prime - 0.75%
Prime + 1%
Prime + 3%
Prime - 0.25%
Initial application fee – $0
Subsequent application fees – $0.
Interest Charge – Advances over $250K are subject to interest at the TD Prime Rate - 0.75%.
Default Interest Spread (Pre-Default Date) – Loans in default status prior to the default date are charged at an interest rate of Prime + 1%
Default Interest Spread (Post-Default Date) – Loans in default status after the default date are charged at an interest rate of Prime + 3%
Repayment of loans without providing a Proof of Sale are charged at an interest rate of Prime - 0.25%