How does the SMART Loan work?

Are you facing a crushing mountain of debt?

Find your SMART Loan solution:

DEBT FREE IN 10 YEARS

ACCELERATED

Apply the maximum amount of the cash savings to your loan: $2,101 monthly payment4

  1. For example purposes, assumes a penalty to break the existing mortgage of $2,800 calculated at three months interest. Mortgage breakage penalties are set by the lender and actual penalty amounts are determined at the time of mortgage discharge. Fees estimated at $1,000 may vary by province and by loan type.

  2. The monthly payment for the debt consolidation loan assumes a 5-year fixed term at 3.5% and an amortization period of 25 years. The hypothetical interest rate is for illustrative purposes only and is not indicative of a guaranteed rate on a debt consolidation loan. The Annual Percentage Rate (APR) based on the total cost of borrowing is 3.57%.

  3. The debt free date is based on the selected debt freedom solution Accelerated, Balanced or Cash Flow.

  4. In choosing to accelerate the payment, the remaining amortization cannot be less than 10 years. This amount is applied directly to your principal.

DEBT FREE IN 12 YEARS

BALANCED

Apply half of the cash savings to the loan: $1,809 monthly payment

  1. For example purposes, assumes a penalty to break the existing mortgage of $2,800 calculated at three months interest. Mortgage breakage penalties are set by the lender and actual penalty amounts are determined at the time of mortgage discharge. Fees estimated at $1,000 may vary by province and by loan type.

  2. The monthly payment for the debt consolidation loan assumes a 5-year fixed term at 3.5% and an amortization period of 25 years. The hypothetical interest rate is for illustrative purposes only and is not indicative of a guaranteed rate on a debt consolidation loan. The Annual Percentage Rate (APR) based on the total cost of borrowing is 3.57%.

  3. The debt free date is based on the selected debt freedom solution Accelerated, Balanced or Cash Flow.

  4. In choosing to accelerate the payment, the remaining amortization cannot be less than 10 years. This amount is applied directly to your principal.

DEBT FREE IN 25 YEARS

CASH FLOW

Use the cash savings for your financial and lifestyle goals: $1,051 monthly payment

  1. For example purposes, assumes a penalty to break the existing mortgage of $2,800 calculated at three months interest. Mortgage breakage penalties are set by the lender and actual penalty amounts are determined at the time of mortgage discharge. Fees estimated at $1,000 may vary by province and by loan type.

  2. The monthly payment for the debt consolidation loan assumes a 5-year fixed term at 3.5% and an amortization period of 25 years. The hypothetical interest rate is for illustrative purposes only and is not indicative of a guaranteed rate on a debt consolidation loan. The Annual Percentage Rate (APR) based on the total cost of borrowing is 3.57%.

  3. The debt free date is based on the selected debt freedom solution Accelerated, Balanced or Cash Flow.

  4. In choosing to accelerate the payment, the remaining amortization cannot be less than 10 years. This amount is applied directly to your principal.

The choice is yours.

Begin your journey towards debt freedom today with your own SMART Loan solution from B2B Bank.

How a SMART Loan can help you

We all dream of debt freedom and financial security. Too often, paying our monthly bills and loans leaves nothing left over to plan our financial future. A SMART Loan is a customized debt solution that can put you on the road to realizing your financial dreams.

 

More Money in Your Pocket

One lower monthly payment means you get the cash and flexibility you need to plan for your future.

Reduce your Debt Repayment

Consolidating high interest credit card and personal loan debt into one fixed interest rate loan can help you achieve debt freedom faster.

Pay on your Schedule

Choose the payment frequency (monthly, accelerated weekly or accelerated bi-weekly) that fits your monthly pay dates or your debt freedom goal.

Enjoy Financial Freedom

Your SMART Loan solution can help you ease your debt burdens, gain financial independence and reach your debt freedom date sooner.

Your financial program starts with your custom Financial Needs Analysis report.

Primerica’s Financial Needs Analysis (FNA) report

If you're like many people, you're in the dark about your finances.

You pay your bills each month and do your best to prepare for the future. But the truth is, there's only so much money to go around and preparing for the future can be overwhelming.

To help families better understand their personal finances, Primerica offers a complimentary and confidential Financial Needs Analysis.

The customized FNA report details :

Debt Solutions

  • Illustrates strategies for paying off credit cards and loans faster with little or no extra cash expenditure.

Retirement Income

  • Provides a detailed analysis of how much money you need to prepare for a comfortable retirement.

Education Funding

  • Projects actual costs for specific schools you select and details strategies for funding your children's education.

Income Protection

  • Offers a variety of strategies to ensure your family's financial future in the event you pass away prematurely.

Building Your Financial Future

  • Pulls all your information together by outlining specific steps to put your financial program into action.

Learn More about Primerica’s FNA

Talk to your Primerica Representative today about getting your customized Financial Needs Analysis report.

Want to see how much you could save with a SMART Loan?

SMART Loan Stories

Check out how the SMART Loan has been helping families across Canada.

How to apply for a SMART Loan

View our simple step-by-step SMART Loan Process guide

SMART Loan Requirements

If you can answer YES to all of the following questions, you can apply for a SMART Loan:

1. Are you currently a homeowner?
2. Are you a Canadian resident?
3. Are you currently employed, or do you have a source of income?
4. Have you submitted a SMART Loan Referral Card to B2B Bank through a Primerica Representative?

SMART Loan Referral Card

Sample

If you do not have a Primerica Representative, find one in your area here.

 

Start your SMART Loan journey towards debt freedom today!