INDEMNITY CALCULATOR
IS YOUR PREPAYMENT TOTAL OR PARTIAL?
Total prepayment
Partial prepayment
DOES YOUR LOAN HAVE A FIXED OR VARIABLE RATE?
Fixed
Variable
Indicate the type of mortgage loan according to the duration of the term for a fixed rate loan or the interest adjustment frequency for a variable rate loan. This information is indicated in your loan agreement or its renewal.
Indicate the type of mortgage loan according to the duration of the term for a fixed rate loan or the interest adjustment frequency for a variable rate loan. This information is indicated in your loan agreement or its renewal.
INFORMATION REQUIRED FOR CALCULATION
Posted interest rate
%
Indicate the posted rate stated in the summary of your mortgage loan agreement or its renewal.
Unpaid loan balance
$
You may obtain your current loan balance by contacting TelNat at
1-888-835-6281
.
Loan amount
$
Indicate the initial principal amount of the loan stated in your mortgage loan agreement summary.
Amount of prepayment
$
Indicate the amount of your partial prepayment.
The expiry date of your term
(yyyy-mm-dd)
Indicate the expiry date of the term stated in the summary of your mortgage loan agreement or its renewal.
Remaining term (in months)
months
Standard rate
%
Indicate the current National Bank standard rate applicable for the specified term. This standard rate is available at
www.nbc.ca
in section "Interest rates and returns - Mortgages". Click on the "Standard rate" link to access this information.
Standard rate
%
Indicate the current National Bank standard rate applicable for the specified term. This standard rate is available at
www.nbc.ca
in section "Interest rates and returns - Mortgages". Click on the "Standard rate" link to access this information.
Standard rate used for calculation
%
This standard rate is the standard rate used for the calculation of your indemnity as of today.
Standard rate
%
Indicate the current National Bank standard rate applicable for the specified term. This standard rate is available at
www.nbc.ca
in section "Interest rates and returns - Mortgages". Click on the "Standard rate" link to access this information.
AMOUNT OF INDEMNITY
This amount is calculated based on the rate differential
This amount is calculated based on three months of interest
LEGAL NOTICE
This tool allows you to obtain an estimate of the amount of the indemnity payable upon the prepayment of your mortgage loan. The data generated is an approximation only and does not create a legal or contractual obligation for National Bank. In the event of the prepayment of your mortgage loan, the Bank will provide you with the details of the exact amounts payable. For any questions, you may at any time contact your branch or our TelNat call center at
1-888-835-6281
.
