Choosing Your Payment Frequency

At Industrial Alliance, you can choose the repayment frequency that is most appropriate to your budget planning. It is important to note that the frequency of your payments influences the amortization period of your mortgage loan—the period of time required to repay your debt.

Weekly and bi-weekly payments will reduce your amortization period. To further reduce this period, you can repay up to 15% of your initial loan every year or increase your payments by up to 15% of their amount.

Calculate your payments (principal and interest).