Press Releases

National Bank Financial Group announces two outstanding mortgage rate offers

Montreal, 19 February 2009 -

National Bank Financial Group is pleased to announce two offers for all its clients. In addition to its advantageous mortgage loan offer of a 3-year term at 4.19% (APR equivalent)**, it is now offering a new lower rate on its Multi-Choice promotion. This promotion is a 50/50 combination of a fixed-rate 4- or 5-year mortgage and a fixed-rate 1-year mortgage with an average interest rate of 3.90% or 3.95%* the first year (APR equivalent)**. 

Multi-Choice mortgage promotion


Portion of loan

Promotional rate
(APR equivalent)**

Average rate for first year
(APR equivalent)**

3 years




4 years

50% for the first year




50% for 4 years


5 years

50% for the first year




50% for 5 years


The Multi-Choice promotion gives clients the best of both worlds: The stability of a fixed 4- or 5-year rate with a highly competitive interest rate in the first year. The rates displayed are therefore the most competitive on the market for a fixed-rate mortgage with a 3-, 4- or 5-year term.

Financing is available to National Bank Financial Group clients who want to purchase or refinance a home (with or without renovations), transfer, renew or renegotiate a residential mortgage.

* Legal notes
Mortgages are granted subject to credit approval by National Bank. This limited time offer is intended for owner-occupants and non-occupant owners who take out a first ranking mortgage with National Bank on a 1- to 4-unit property. National Bank reserves the right to terminate this offer at any time without prior notice. Interest rates are subject to change. The negotiated rate can be guaranteed for a maximum of 90 days. This offer cannot be combined with any other offer, promotion or advantage from National Bank. In order to be eligible for the offer, clients must hold at least four of the following products or services offered by National Bank Financial Group: Salary deposit, Internet Banking Solutions, banking transaction packages, National Bank Financial Group MasterCard, an All-In-One line of credit transaction account or sub-account with a Client Card, a systematic savings plan for more than $50 per month with National Bank Securities, life insurance, disability insurance or critical illness insurance. 

** APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage. In the absence of administration fees, the APR is equal to the interest rate in effect on February 19, 2009, which is 3.50%, 4.29% or 4.39% for a fixed-rate mortgage with a term of 1, 4 or 5 years.

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 $129 billion in assets and, together with its subsidiaries, employs 17,146 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):

Denis Dubé
Senior Manager, Public Relations
National Bank Financial Group
Tel. 514-394-8644