International Adoption Financial Package

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.
Click here for more details.

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.
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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.

Products	Advantages
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.

¹ Subject to credit approval by National Bank.
² The prime rate is the annual variable interest rate posted by the Bank from time to time as a benchmark for setting the interest rate on demand loans in Canadian dollars that the Bank grants in Canada.
³ The APR, or annual percentage rate, represents the amount of interest and fees charged by the Bank, expressed as an annual rate. Calculations are based on a $20,000 loan with a residual amortization of 180 months, a rate of 3.75% in effect on January 19, 2011, and no monthly administration fees. The APR is calculated assuming a constant interest rate throughout the term.
⁴ Maximum period of 18 months; minimum single payment of $1,000.
⁵ The rate reduction and free enrolment in one of our flat rate banking packages are valid for a period of six months from the date the offer is made.
⁶ Monthly account statement. The line of credit bears interest from the moment it is used. The minimum monthly payment is limited to monthly interest. Examples of interest charges calculated on a 30-day period based on the rate applicable on January 19, 2011 are shown below.

	Average Balance
Annual interest rate (without annual fees)	$500	$3,000
Prime rate (3%)	$1.23	$7.40

⁷ The interest bonus applies during the five-year term only. This promotion does not apply to Escalarater or Evoluterm GICs. Minimum investment of $5,000. The interest rate is based on the principal invested and the duration of the investment. Refer to the interest rate bulletin for deposits, available at branches, for details of the interest rate applicable to each portion of principal invested. Rates are subject to change without notice. Interest is simple or compound, depending on the client’s choice. This offer may be withdrawn at any time without notice, at National Bank’s discretion. This offer is not transferable and may not be combined with any other offer or promotion.
⁸ Clients who already hold a National Bank Platinum MasterCard are not eligible for this offer. A statement of account is sent monthly. No interest is charged on purchases made during the month if the full amount is settled within 21 days following the account statement date. This grace period does not apply to cash advances or balance transfers. The minimum payment to be made to the Bank every period shall be equal to 3% of the unpaid balance indicated in the monthly statement or a minimum of $10, whichever amount is higher (or the amount of the new balance if it is lower than $10). Examples of interest charges for a 30-day period based on the applicable rate on July 21, 2006 are shown below.

	Average Balance
Annual Interest Rate	$500	$3,000
19.5%	$8.13	$48.75

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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