Third-party supplier of investment and RRSP loans B2B Trust, for a limited time, will offer a rate sale of 3.25% on its variable rate 100% investment loans, the company said Thursday.
\u201cThis sale will see lower rates through to November — helping advisors build their business by offering affordable borrowing to their clients,\u201d says Fran\u00e7ois Desjardins, president and CEO of B2B Trust. \u201cThe fall traditionally kicks off \u2018investing season\u2019 and B2B Trust is committed to helping advisors provide opportunities to Canadian investors.\u201d
The rate sale takes effect October 1 and applies to all payment and margin loan types including interest only, principal plus interest, margin call and no margin call loans with a minimum loan amount of $10,000.
The programs included in the rate sale are:
\u2022 B2B Trust Standard Loan Program (for all eligible mutual funds);
\u2022 B2B Trust Select Loan Program (for mutual fund investments in multiple B2B Trust alliance funds); and
\u2022 B2B Trust Distribution Alliance Loan Program (for mutual fund and segregated fund investments within the same family of funds offered by a Distribution Alliance).
B2B Trust says it is one of the few providers in the marketplace that offers 100% investment loans and a sale of this kind is quite extraordinary.
For faster adjudication, advisors are encouraged to submit applications through EASE, B2B Trust\u2019s online application process.
The campaign runs from October 1 to November 13.
B2B Trust is a federally chartered trust company and wholly owned subsidiary of Laurentian Bank of Canada
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