Financing Solutions

Adopting a Child

If you’ve thought long and hard about adopting a child from a foreign country and have made arrangements to ensure the child gets all the necessary love and care to fulfill his or her potential, then now’s the time to make your dream come true!

Like any other major project, adopting a child can be expensive. That’s why National Bank, your financial partner, has put together a comprehensive financial package to help you realize your most cherished dream – becoming a parent.

A package for parents

The international adoption financial package is designed specifically for parents who wish to adopt a child from another country.

A variable rate personal loan1

  • You can borrow between $10,000 and $20,000. In exceptional cases, the loan amount can be lower or higher.
  • You will benefit from one of the best rates on the market (Prime rate2 + 0.75%) (APR3 of 3.75%). On January 19, 2011, the prime rate was 3.00%.
  • You can reduce your interest costs by requesting that your loan be disbursed gradually4 on an as-needed basis during the adoption process.

An added plus: a line of credit at a reduced rate1

If you require additional financial leeway for your planned adoption, National Bank offers you the following for a period of six months5:

  • The Personal Flex Line is a line of credit with a highly competitive rate (prime rate), without any administration fees. On January 19, 2011, the prime rate was 3.00%6.
  • Free enrolment in the banking package of your choice applicable to your line of credit account.

Tools for your family

Regardless of the financing solution you choose, by protecting yourself with loan insurance, you can ensure that your dream will live on, even when the unexpected happens.

To help you realize your family projects, National Bank proposes a disciplined savings approach: systematic investment.

The Bank also offers advantageous conditions for several other banking products.



Non-redeemable GICs of $5,000 or more (5 years) Interest bonus7: applicable interest rate reduced by 0.75%.
Platinum MasterCard 50% discount on the annual fee for a new Platinum National Bank card, for the first year only ($60 instead of $120). The annual interest rate effective December 1, 2008 was 19.5%8.
Foreign currency Advantageous rates on foreign-currency transactions, including cash, bank drafts and traveller’s cheques.
Traveller's cheque No fees.

Tools for your child

Like all parents, you want the very best for your child.

A bit of help for saving money

Teach your child the value of saving by opening a First Step account. This account is designed for children under six and is offered free of charge.

A helping hand for studies

Offer your child the gift of higher education by contributing to a Registered Education Savings Plan (RESP).

An RESP is a tax-sheltered investment plan that lets you save money for your child’s post-secondary education. The money grows in the plan until your child begins his or her post-secondary studies.

The money you set aside in this program will be augmented by government contributions made through the Canadian Education Savings Grant (CESG). The CESG amount will depend on the contribution amount and your family income. Your child could receive a CESG of up to $50011 a year, up to a maximum of $7,200 for the duration of the program, until the calendar year in which he or she turns 17.

Handy tips

In addition to a comprehensive package that includes competitive financing solutions and discounts on a wide array of banking products, National Bank also provides practical advice. If you are planning to adopt a child from Asia, the staff at the Asian Banking Centres in Montreal, Toronto and Vancouver will be pleased to provide you with information on the culture, climate and living conditions in Asian countries.

Average Balance

Annual interest rate (without annual fees)



Prime rate (3%)



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Annual Interest Rate






11 Certain conditions apply. For more information, refer to Guide RC4092 Registered Education Savings Plan published by the Canada Revenue Agency.

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