Smarter Loans > Tangerine Bank

Apply Now Write Review

Tangerine Bank

Name: Tangerine Bank
Address: 3389 Steeles Avenue East Toronto, Ontario M2H 0A1, 3389 Steeles Avenue East Toronto, Ontario M2H 0A1, CANADA
Telephone: +1‑800‑568‑2190
Price range: $50,000+
Rating: 5.0

Avg. Rating: 5.0 (2 reviews)

With Tangerine Mortgages you get a competitive interest rate up front. Tangerine wants to keep it simple and is ready to work with you whether you’re buying a new home or refinancing. Tangerine provides an award-winning online and mobile banking experience with its streamlined direct digital banking platform.

Apply for a Tangerine Mortgage in 3 easy steps:

Apply online.
Once you’ve applied, you get a personalized Mortgage Account Manager to help you every step of the way.
No need to stress over calculations – Tangerine will help make the numbers work for you.

TIME IN BUSINESS: Since 1997
LOANS OFFERED: Mortgages, Home Equity Line of Credit, Purchase, Refinance

Apply Online Today!!!

1‑800‑568‑2190

3389 Steeles Avenue East Toronto, Ontario M2H 0A1

Call Center: Mon - Sat: 10:00 am to 8:00 pm ET

Support Offered:

Phone Support
Chat Support
Social Media
Client Login
Blog
FAQs
Mortgage Calculator

Availability: All of Canada

Products Offered

Below are all the products offered by this company.

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.

Articles About Tangerine Bank

Tangerine Review

By Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.

Frequently Asked Questions About Tangerine Bank

What is Tangerine?

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.

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 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 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 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.

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)

WRITE A REVIEW

Easy and smooth

It was fine, good service explained clearly, easy to deal with.

Michael

Happy Customer

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 them.

Janie