PROMOTION

Mortgage loans

Are you looking to buy a property? Take advantage of our offer and you could get up to $3,500 cashback.*

Make an appointment

*Promotion valid until November 4, 2025, for mortgages that qualify when purchasing a property.
See the terms and conditions applicable to the promotion.

Buying a property

 

You’ll benefit from

$3,500

Cashback with a loan of $1,000,000 or more

$3,000

Cashback with a loan between $750,000 and $999,999

$1,500

Cashback with a loan between $500,000 and $749,999

$1,000

Cashback with a loan between $300,000 and $499,999

$500

Cashback with a loan between $100,000 and $299,999

Mortgage of $100,000 or more. Minimum 4-year fixed-rate or 5-year variable-rate commitment. National Bank chequing account required for direct deposits.*

Illustration of a light next to a door

First-time homebuyer

Take advantage of our offer and you could get up to $2,750 cashback* Offer applies to a mortgage that is insured and amortized over 30 years.

Make an appointment

*This promotion runs until November 4, 2025 for eligible insured mortgages (CMHC, Sagen or Canada Guaranty) amortized over 30 years on the purchase of a first home. Cashback equivalent to 0.2% of the insured mortgage amount, up to a maximum of $2,750. Minimum 4-year fixed-rate or 5-year variable-rate commitment. National Bank chequing account required for direct deposits. See conditions applicable to the promotion. 

Illustration of a hand holding a house

Build your mortgage offer

Take advantage of our mortgage solutions and you could be eligible for some savings*

Discover our offers

*For a limited time. Please refer to the terms and conditions of each promotion. 

What step are you at?

 

Starting to look around?

Lock in preferred rates for a mortgage loan.

Get pre-approved

Prefer to speak to an expert?

Contact an advisor & receive tailored solutions to your questions.

Make an appointment

Compare the 3 types of mortgage loans

Here are the three types of loans available to you: fixed rate, variable rate, and made-to-measure. What's the best mortgage rate for you? It all depends on your risk tolerance. 

 

With fixed rate

With variable rate

Made-to-measure 
What is it?

Your interest rate remains the same for the entire term.

Your interest rate can go up or down based on market fluctuations.

Your loan includes more than one type of product: fixed and variable.

You can add a home equity line of credit if needed. 
Ideal if you want to

Enjoy the security of equal mortgage payments.

Save on interest if rates go down.

Enjoy stable payments and
take advantage of interest rate drops to save money.
Rates

See all rates

See the fixed rates in effect** according to the different terms.

Benefit from a capped
rate that protects against rate hikes.

Consider adding a home
equity line of credit.
Terms and duration

Open
(6 months or 1 year)

  • No prepayment charge if you
    repay your loan in one shot.
  • Ideal if you plan to
    sell your home.

Closed (3 months to 10 years)

  • Prepayment charge if
    you repay before maturity1.
  • The rate is lower than for an open loan.

Closed
(5 years)  

  • 5-year commitment.
  • Prepayment charge if
    you repay before maturity1.
  • More advantageous rate than an open term.

Fixed rate portion: open (6 months or 1 year) or
closed (3 months to 10 years).

Variable rate portion: closed (5 years).
Repayment

Speed up your mortgage repayment without prepayment charges.
See our 4 options. 

Based on the type of
solution for your loan. Consult an advisor.


Learn more about the different types of mortgages.

Special offers on certain terms

5 year variable rate6

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Prime rate – ${p2.tauxBase|percent:"true"}****

(${p2.tac5ans|percent:"true"}*** APR4)

3 year fixed rate3

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(${p1.tac3ans|percent:"true"}** APR4)

4 year fixed rate3

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(${p1.tac4ans|percent:"true"}** APR4)

5 year fixed rate3

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(${p1.tac5ans|percent:"true"}*** APR4)

Rate (%) as of ${p1.tauxDateJour|date:"-"}

Find the mortgage that’s right for you

See all rates

Explore our mortgage solutions

Home equity line of credit

Carry out new projects using the amount paid off your mortgage. 

Mortgage for the self-employed

Get financing or refinancing tailored to your situation.

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Mortgage loan insurance

Protect yourself and your loved ones from the repayment of your mortgage in case of unforeseen circumstances.5

Get your project off to a good start 

Icon of a filled-out form


Ready to get the process started?

Make a serious offer and protect your interest rate with pre-approval.

Get pre-approval 

Chat bubbles icon with a question mark and the National Bank logo


Ask us your questions

Make an appointment with an advisor to discuss your project, no matter how far along you are in the process.

Make an appointment

  

Little details that matter

Promotion period 

February 3, 2025–November 4, 2025.

Eligibility conditions for cashback:

  • During the promotion period, you must obtain mortgage loan approval from National Bank for a closed 4-year term or more at a fixed rate or for a closed 5-year term at a variable rate ("mortgage loan").
  • The mortgage loan amount must be $100,000 or more.
  • The mortgage loan must be for an owner-occupied residential dwelling with 1 to 4 units. 
  • You must have a personal chequing account with National Bank, from which the pre-authorized mortgage payments will be debited.  
  • Applicable to the portion of the mortgage loan integrated into the All-in-One to the extent that it respects the other conditions.

Up to $3,500 cashback  

The cashback amount varies according to the mortgage loan amount.  

  • $500 cashback for mortgage loans from $100,000 to $299,999.99  
  • $1,000 cashback for mortgage loans from $300,000 to $499,999.99  
  • $1,500 cashback for mortgage loans from $500,000 to $749,999.99 
  • $3,000 cashback for mortgage loans from $750,000 to $999,999.99
  • $3,500 cashback for mortgage loans of $1,000,000 or more  

If all conditions are met, the cashback will be granted within 2 days of the mortgage loan being disbursed. It will be deposited to the chequing account from which the mortgage payments are debited.

Other conditions

  • Mortgage loans are subject to credit approval by National Bank. 
  • There is a limit of just one cashback per mortgage loan as part of this promotion, regardless of the number of co-borrowers. 
  • This promotion cannot be combined with any other mortgage loan cashback offers, except for the mortgage loan insurance promotion (disability, critical illness and life), the “first time homebuyer” promotion (insured loan - 30 years) and the $350 cashback offer for the reimbursement of an appraisal fee available through the privilege offer to professionals. This promotion can also be combined with the “opening a chequing account” promotion.
  • This promotion is not retroactive.
  • You must maintain your mortgage loan for the entire duration of the term. In the following cases, you must repay a portion of the cashback in proportion to the term that still remains: loan prepayment, renegotiation, refinancing, or mortgage loan transfer.
  • This promotion may be modified or withdrawn without prior notice.

Promotion period 

February 3, 2025–November 4, 2025.

Eligibility conditions for cashback:

  • During the promotion period, you must obtain mortgage loan approval from National Bank for a closed 4-year term or more at a fixed rate or for a closed 5-year term at a variable rate ("mortgage loan"). 
  • You must have mortgage loan insurance with a high loan-to-value ratio (required for purchases with a down payment of less than 20%) offered by CMHC, Sagen or Canada Guaranty.
  • You must meet all eligibility requirements for mortgage loan insurance set out by the Government of Canada. It is your responsibility to ensure that all applicable conditions are met.
  • The mortgage loan amortization period must be 30 years.
  • You must be a first-time home buyer (see definition below).[i]
  • The mortgage loan must be for a residential property with a purchase price of less than $1.5 million.
  • The mortgage loan must be for an owner-occupied residential dwelling with 1 to 4 units. 
  • The mortgage loan amount must be $100,000 or more.
  • You must have a personal chequing account with National Bank, from which the pre-authorized mortgage payments will be debited.  

Up to $2,750 cashback  

The cashback as part of the promotion is equivalent to 0.20% of the amount of the insured loan (including the insurer's premium). Therefore, the cashback amount varies according to the insured mortgage loan amount: For example: 

  • $200 cashback for insured mortgage loans of $100,000 ($100,000 x 0.20%)
  • $600 cashback for insured mortgage loans of $300,000 ($300,000 x 0.20%)
  • $800 cashback for insured mortgage loans of $400,000 ($400,000 x 0.20%) 
  • $1,000 in cashback for mortgage loans of $500,000 ($500,000 x 0.20%)
  • $2,750 cashback for insured mortgage loans of no more than$1,375,000 ($1,375,000 x 0.20%) 

If all conditions are met, the cashback will be granted within 2 days of the mortgage loan being disbursed. It will be deposited to the chequing account from which the mortgage payments are debited.

Other conditions

  • Mortgage loans are subject to credit approval by National Bank.  
  • There is a limit of just one cashback per mortgage loan as part of this promotion, regardless of the number of co-borrowers. 
  • This promotion cannot be combined with any other mortgage loan cashback offers, except for the mortgage loan insurance promotion (disability, critical illness and life) and the “buying a property” promotion. This promotion can also be combined with the “opening a chequing account” promotion.
  • This promotion is not retroactive.
  • You must maintain your mortgage loan for the entire duration of the term. In the following cases, you must repay a portion of the cashback in proportion to the term that still remains: loan prepayment, renegotiation, refinancing, or mortgage loan transfer. 
  • This promotion may be modified or withdrawn without prior notice.

[i] To be considered a first-time home buyer, the borrower must meet one of the following criteria:

Has never bought a property before

Has not occupied a dwelling in the past 4 years as their principal place of residence that they or their spouse or common-law partner owned

Has recently experienced the end of a marriage or common-law partnership. In this regard, the conditions will be the same one as those of the Canada Revenue Agency with respect to the Home Buyers' Plan.

Here are the main steps in preparing a mortgage application.

  1. Take stock of your finances to prepare for the meeting with your mortgage advisor.
  2. Get pre-approved online before or after your meeting.
  3. Gather all the documents you'll need for the financing application.
  4. Find your dream home and make an offer.
  5. Have the property appraised by a professional certified by the Bank.
  6. Once financing is approved, visit a legal professional to sign the official documents.
  7. Congratulations! You're now a homeowner.

Consult the page on preparing a loan application for more information 2. Don't forget that your mortgage advisor can help you out!

Need to access your tax information and assessments so you can complete a mortgage application? Use the Interac ® Sign-In Service—it's user-friendly, fast and secure. 

**Refers to standard rate. 

***Based on a $350,000 fixed-rate mortgage  

  • With a 5-year closed term
  • With 25-year amortization 
  • With a $5/month administration fee 
  • With a $350.00 appraisal fee. The appraisal fee may be adjusted or may not be charged as part of the assessment of your mortgage application.

**** The variation is subject to change without notice.  

 

1. Financing subject to credit approval by National Bank. Limited-time offer; rates are subject to change. Financing must be for a residential dwelling with 1 to 4 units. This mortgage offer cannot be combined with any other offer, promotion or advantage at National Bank. Employees of National Bank and its subsidiaries and entities are not eligible for this offer. National Bank reserves the right to end this offer at any time without notice. All details and conditions are available in branches.

2. The rate can be guaranteed for up to 90 days following receipt of the application.

3. Rates may differ if amortization is more than 25 years. Contact an advisor for more information.

4. APR as of ${p1.tauxDateJour|date:"-"}. APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage.

5. Certain restrictions apply.

6. The special offer on the variable rate is the base rate - spread (%) and is updated monthly. The offer may not be combined with any other National Bank offer, promotion, or benefit, other than the ones mentioned in this leaflet, and cannot be applied retroactively.
"Base Rate" means the annual interest rate that the National Bank publicly announces from time to time as the reference rate used to establish the interest rate on Canadian dollar loans made by the Bank in Canada.

"Base Rate" means the annual interest rate that the National Bank publicly announces from time to time as the reference rate used to establish the interest rate on Canadian dollar loans made by the Bank in Canada.

® Interac is a registered trademark of Interac Corp. Used under license.

7. When you open a session for the first time using Interac® Sign-In Service, you will be asked to accept the terms and conditions of use and the privacy policy. You will then be redirected to the government site where you'll already be signed in.