The TOP - 17 second home loans for 5 years15.06.2020

Bankchart.ca has surveyed the terms of the offered second home loans for 5 years in the national currency. Our website's analysts have studied the loan offers from all Canadian banks, which place rates on their websites. Review date - 15.06.2020

As of 26 May 2020 the loans under review have been offered by 17 banks.  The average interest rate under such loans equals 3,91 % p.a. The total number of the loan programs available for the specified loan terms is 38.

The most affordable home loan is offered by Toronto-Dominion Bank. The interest rate under "Variable Closed - 5 year" loan program constitutes 2,35 % p.a. The table below shows the best offers by each bank selected by Bankchart.ca (in terms of costs) for the aforementioned terms.

The TOP-17 second home loans loan programs for 5 years, as of 26 May 2020

#

Name

Interest Rate, %

1

2,35

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

2

2,39

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

3

2,45

interest rate, %

one-time fees

no

periodic fees

no

advance from

20,00 %

4

2,45

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

5

2,45

interest rate, %

one-time fees

no

periodic fees

no

advance from

25,00 %

6

2,48

interest rate, %

one-time fees

no

periodic fees

no

advance from

25,00 %

7

2,65

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

8

2,65

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

9

2,65

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

10

2,65

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

11

2,65

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

12

3,09

interest rate, %

one-time fees

no

periodic fees

no

advance from

20,00 %

13

3,44

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

14

3,99

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

15

4,00

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

16

5,01

interest rate, %

one-time fees

no

periodic fees

no

advance from

20,00 %

17

5,09

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

To view the up-to-date rating of the home loans at our website, click here.

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