*The cashback offer ends October 31, 2022. The offer applies to
clients who have been approved by National Bank for a new eligible
mortgage loan of $100,000 or more. The loan must be disbursed within
90 days of receiving the client's application for a loan from National
Bank. The mortgage must have a fixed or variable rate with a term of 4
years or longer at the current promotional rate. This offer is only
available to clients who obtain a National Bank mortgage during the
promotional period at the current interest rate advertised on National
Bank’s website on
the current promotional rate page. The loan must be for an
owner-occupied residential dwelling with 1 to 4 units. The offer may
be modified, extended, or withdrawn without prior notice at any time.
The offer may not be combined or used with any other National Bank
offer, promotion or benefit (with the exception of the mortgage loan
insurance offer). There is a limit of one cashback per mortgage loan.
The cashback amount varies according to the amount of the loan:
- $1,000 cash back for loans between $100,000 and $249,999
- $1,500 cash back for loans between $250,000 and $499,999
- $2,500 cash back for loans between $500,000 and $749,999
- $3,000 cash back for loans above $750,000.
The cashback amount cannot exceed $3,000 per loan. If all conditions
are met, the cashback will be granted on the loan disbursement date.
You must maintain your mortgage loan for the duration of the term;
otherwise, you will be required to reimburse a portion of the cashback
received, in proportion to the remaining term. Mortgage loans are
subject to credit approval by National Bank of Canada. Employees of
National Bank and its subsidiaries and entities are not eligible for
**Refers to standard rate.
***Based on a $300,000 fixed-rate mortgage
- With a 5-year closed term
- With 25-year
- With a $5/month administration fee
- With a $330.00 appraisal fee. The appraisal fee may be adjusted
or may not be charged as part of the assessment of your mortgage
**** The variation is subject to change without notice.