Time in business:
Loans offered:
Tangerine Bank is a Canadian direct bank and a subsidiary of Scotiabank. It offers no-fee chequing and savings accounts, Guaranteed Investment Certificates, mortgages, credit cards and mutual funds.
Products Offered
AMOUNT
$50,000+
INTEREST RATE
2.80%
TERMS
5 Year Fixed
5 Year Fixed Mortgage
Conditions & Rates
Interest Rate
2.80%
Interest Rate APR
2.82%
Amount
$50,000+
Term
5 Year Fixed
Repayment & Issuance
How fast can you get the money On or just after your funding date
Funding method Funds are released to your solicitor or specified account depending on your mortgage transaction type
How does repayment work Weekly, accelerated Weekly, Bi-Weekly, accelerated Bi-Weekly, Semi-monthly or Monthly from a bank account
Eligibility & Documents
Who is eligible
- Must be Canadian Resident or applied residence status
- Over age of majority in the province you live in
- Min 620 Beacon Score with no derogatory history
Examples of What you may need to provide
- Government ID
- Mortgage statement
- Property assessment
- Complete online application
- Standard income confirmation with at least 3 months of full-time employment, minimum 2 years self–employed if less then must be in same industry prior
Key Features:
- Get a great rate up front guaranteed for 120 days.
- Can make lump sum prepayments up to 25% of your original Mortgage amount, and increase your regular Mortgage payments by up to 25% of your original Mortgage payment. You can do this on any payment date.
- Once you’ve applied, you get a personalized Mortgage Account Manager to help you every step of the way.
- If you happen to move, you can take your Mortgage with you penalty-free at your current rate, term and loan amount.
Contact information
3389 Steeles Avenue East Toronto, Ontario M2H 0A1
Availability:
All of CanadaSupport Offered:
- Phone Support
- Chat Support
- Social Media
- Client Login
- Blog
- FAQs
- Mortgage Calculator
Call Center:
Mon - Sat: 10:00 am to 8:00 pm ETFrequently Asked Questions About Tangerine Bank
What is Tangerine?
What does Tangerine offer?
Tangerine offers Mortgages, Home equity life of credit, online banking services including their high interest savings account, credit cards, as well as RRSP and TFSA accounts.
What are the types of properties that Tangerine doesn't offer financing on?
Tangerine doesn't offer mortgages on properties are agricultural, commercial and co-operative properties, mobile homes and log cabins.
Is Tangerine safe?
Tangerine is safe and has been serving Canadians since 1997. Tangerine is a Schedule 1 bank in Canada. They are an official sponsor of the Toronto Raptors and their ads are often featured on TV.
What kind of properties does Tangerine offer mortgages on?
Tangerine offer mortgages on properties that are zoned residential (up to 4 units) and that meet their credit requirements. There are a few specific types of properties that Tangerine doesn't offer financing on.
What kind of support does Tangerine offer?
Tangerine offers phone, online chat, and email support. They are also able to help people using their social media accounts. Tangerine also offers an informative blog, FAQ section, and a client portal for account management.
Tangerine Bank Reviews
Avg. Rating: 5.0 (2 reviews)
Easy and smooth
January 20, 2021
“It was fine, good service explained clearly, easy to deal with.”
Happy Customer
January 20, 2021
“The whole application process was very easy to understand. The agent on the phone was amazing and very helpful to us as first time home buyers. Rates at the time were very competitive and I think we got a good deal. Since then we have renewed one more time with the...”
