National Bank makes its All-In-One simpler and more flexible by adding two new features
National Bank is pleased to announce that it has added two new features to its National Bank All-In-One™ mortgage line of credit: an integrated mortgage loan and the possibility of benefiting from credit insurance tailored specifically to this financing solution.
As a result of these improvements, the National Bank All-In-One™ is more complete and flexible than ever, and better adapted to the growing needs of today’s clients.
National Bank clients now have the opportunity to integrate a mortgage loan into their All-In-One. With this innovation, clients can enjoy the advantages provided by a mortgage loan, while benefiting from the flexibility offered by the All-In-One. In addition, to protect themselves against interest rate fluctuations, clients can set the rate (fixed or variable), in the form of a mortgage, for a portion of their All-In-One. Clients will also be able to access the repaid mortgage principal through their All-In-One.
Our new National Bank All-In-One™ credit insurance is specially designed to offer clients peace of mind. It offers numerous features and advantages, including complete coverage: life, disability and critical illness. National Bank is one of the only financial institutions in Canada to provide all three types of coverage. Some other advantages of this solution are:
Premiums charged only on the balance used
Premiums that are competitive
The possibility of insuring a lower amount than the authorized amount
An insured amount selected by the client for life and critical illness insurance
An insured monthly payment amount selected by the client for disability insurance
The All-In-One is a line of credit that allows clients to integrate bank accounts, short-term savings and borrowings into a single solution. Because of its multi-account concept, National Bank clients can manage their projects independently in separate accounts that are linked to their All-In-One. It is a streamlined solution that lets clients optimally manage their finances, as well as payments for various projects.
For all loans exceeding 80% of the property value, financing is conditional on a mortgage loan insurer (approved by National Bank) agreeing to insure the loan. Certain conditions apply.
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About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $120 billion in assets and, together with its subsidiaries, employs 16,856 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca.
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Director, Public Relations Department
National Bank of Canada