Mortgage loans

Promotion period 

February 3, 2025 – November 3, 2026.

Eligibility conditions for cashback:

• During the promotion period, you must obtain mortgage loan approval from National Bank for a closed 3-year term or more at a fixed rate or for a closed 5-year term at a variable rate ("mortgage loan").
• The mortgage loan amount must be $100,000 or more.
• The mortgage loan must be for an owner-occupied residential dwelling with 1 to 4 units. 
• You must have a personal chequing account with National Bank, from which the pre-authorized mortgage payments will be debited.  
• Applicable to the portion of the mortgage loan integrated into the All-in-One to the extent that it respects the other conditions.

Up to $3,500 cashback  

The cashback amount varies according to the mortgage loan amount.  

• $500 cashback for mortgage loans from $100,000 to $299,999.99  
• $1,000 cashback for mortgage loans from $300,000 to $499,999.99  
• $1,500 cashback for mortgage loans from $500,000 to $749,999.99 
• $3,000 cashback for mortgage loans from $750,000 to $999,999.99
• $3,500 cashback for mortgage loans of $1,000,000 or more  

If all conditions are met, the cashback will be granted within 2 days of the mortgage loan being disbursed. It will be deposited to the chequing account from which the mortgage payments are debited.

Other conditions

• Mortgage loans are subject to credit approval by National Bank. 
• There is a limit of just one cashback per mortgage loan as part of this promotion, regardless of the number of co-borrowers. 
• This promotion cannot be combined with any other benefit, discount or promotional offer, unless otherwise indicated. It can however be combined with the mortgage loan insurance promotion (disability, critical illness and life), the “first-time homebuyer” promotion (insured loan - 30 years) and the $350 cashback offer for the reimbursement of an appraisal fee available through the privilege offer to professionals. This promotion can also be combined with the “opening a chequing account” promotion.
• This promotion is not retroactive.
• You must maintain your mortgage loan for the entire duration of the term. In the following cases, you must repay a portion of the cashback in proportion to the term that still remains: loan prepayment, renegotiation, refinancing, or mortgage loan transfer.
• This promotion may be modified or withdrawn without prior notice.

Promotion period 

February 3, 2025–November 3, 2026.

Eligibility conditions for cashback:

• During the promotion period, you must obtain mortgage loan approval from National Bank for a closed 3-year term or more at a fixed rate or for a closed 5-year term at a variable rate ("mortgage loan"). 
• You must have mortgage loan insurance with a high loan-to-value ratio (required for purchases with a down payment of less than 20%) offered by CMHC, Sagen or Canada Guaranty.
• You must meet all eligibility requirements for mortgage loan insurance set out by the Government of Canada. It is your responsibility to ensure that all applicable conditions are met.
• The mortgage loan amortization period must be 30 years.
• You must be a first-time home buyer (see definition below).^[i]
• The mortgage loan must be for a residential property with a purchase price of less than $1.5 million.
• The mortgage loan must be for an owner-occupied residential dwelling with 1 to 4 units. 
• The mortgage loan amount must be $100,000 or more.
• You must have a personal chequing account with National Bank, from which the pre-authorized mortgage payments will be debited.  

Up to $2,750 cashback  

The cashback as part of the promotion is equivalent to 0.20% of the amount of the insured loan (including the insurer's premium). Therefore, the cashback amount varies according to the insured mortgage loan amount: For example: 

• $200 cashback for insured mortgage loans of $100,000 ($100,000 x 0.20%)
• $600 cashback for insured mortgage loans of $300,000 ($300,000 x 0.20%)
• $800 cashback for insured mortgage loans of $400,000 ($400,000 x 0.20%) 
• $1,000 in cashback for mortgage loans of $500,000 ($500,000 x 0.20%)
• $2,750 cashback for insured mortgage loans of no more than$1,375,000 ($1,375,000 x 0.20%) 

If all conditions are met, the cashback will be granted within 2 days of the mortgage loan being disbursed. It will be deposited to the chequing account from which the mortgage payments are debited.

Other conditions

• Mortgage loans are subject to credit approval by National Bank.  
• There is a limit of just one cashback per mortgage loan as part of this promotion, regardless of the number of co-borrowers. 
• This promotion cannot be combined with any other mortgage loan cashback offers, except for the mortgage loan insurance promotion (disability, critical illness and life) and the “buying a property” promotion. This promotion can also be combined with the “opening a chequing account” promotion.
• This promotion is not retroactive.
• You must maintain your mortgage loan for the entire duration of the term. In the following cases, you must repay a portion of the cashback in proportion to the term that still remains: loan prepayment, renegotiation, refinancing, or mortgage loan transfer. 
• This promotion may be modified or withdrawn without prior notice.

[i] To be considered a first-time home buyer, the borrower must meet one of the following criteria: 

• Has never bought a property before.
  OR 
• Has not occupied a dwelling in the past 4 years as their principal place of residence that they or their spouse or common-law partner owned.
  OR 
• Has recently experienced the end of a marriage or common-law partnership. In this regard, the conditions will be the same one as those of the Canada Revenue Agency with respect to the Home Buyers' Plan. 

Duration of the promotion

April 15, 2026, to November 3, 2026.

Conditions to qualify for the cashback offer

You must be a National Bank client and, with the help of a National Bank advisor, meet the conditions set out in Sections A and B below:

A – New mortgage loan

• During the promotion period, you must obtain approval for an eligible mortgage loan from National Bank for a closed term of 3 years or more at a fixed rate, or for a closed 5-year variable rate term (the “mortgage loan”). All-In-One™ home equity line of credit is excluded from this promotion.
• The mortgage loan amount must be $300,000 or more for a new purchase or transfer with National Bank.
• Term renewals or refinancing with National Bank are eligible for this promotion, subject to applicable financing ratios and conditions.
• The mortgage loan must be secured by a residential property with 1 to 4 units, owner-occupied.
• You must hold a personal chequing account with National Bank from which the pre-authorized mortgage payments will be withdrawn.

B – New investment assets

• During the promotion period, you and any co-borrower must deposit a total value of at least $50,000 in new assets into eligible investment products offered by National Bank (“new investment assets”) for a minimum of three (3) months.
• The value of the new investment assets is calculated by National Bank at the time the credit application is submitted for mortgage loan approval.
• Eligible investment products include registered (e.g., RRSP, TFSA, RESP, etc.) and non-registered savings plans, GICs, mutual funds, or the Cash Advantage Solution  opened with National Bank, National Bank Financial, National Bank Direct Brokerage, or National Bank Investments.
• Any other assets held in products not listed above are not eligible (e.g., high interest savings accounts or products offered by National Bank Private Banking 1859).
• You and any co-borrower must not have made any withdrawals from investment assets held with National Bank or its subsidiaries in the three (3) months preceding the submission of the credit application for mortgage loan approval.

If all conditions A and B are met, the cashback amount will be paid within two (2) days following the mortgage loan disbursement date. It will be deposited into the chequing account from which the mortgage payments are withdrawn.

Cashback of up to $1,500

The cashback amount varies based on the total value of new investment assets held or in the process of being transferred by the borrower and, where applicable, any co‑borrowers, at the time the credit application is submitted for loan approval, as well as on the type of mortgage, subject to the minimum requirements with National Bank.

Other conditions

• Mortgage loans are granted subject to National Bank’s credit approval.
• Only one (1) cashback amount may be granted per mortgage loan under this promotion, regardless of the number of co‑borrowers.
• This promotion may be combined with other cashback offers for eligible mortgage loans.
• You must maintain your mortgage loan for the entire term. In the following cases, you will be required to repay a portion of the cash‑back amount, prorated based on the unelapsed portion of the term: prepayment, renegotiation, refinancing, or transfer of the mortgage loan.
• You must not withdraw the new investment assets for a minimum period of three (3) months following the disbursement of your mortgage loan (“retention period”). If you breach this condition, you must repay the portion of the cashback corresponding to the retention period that did not elapse.
• Asset transfer fees of $15,000 or more from another financial institution may be reimbursed as part of the eligible investment product by the Bank up to a maximum value of $150 plus taxes. No refund for early redemption fees.
• In the event of a mortgage transfer to National Bank, you are responsible for all external fees, including property appraisal fees, notary fees, prepayment (“break”) fees, and any other applicable legal or administrative fees.
• This promotion is not retroactive.
• This promotion may be modified or withdrawn without notice.

The promotional offer is valid until November 3, 2026.

This offer applies to Personal Banking clients of National Bank who take out a mortgage loan of $100,000 or more during the promotional period and sign up for 3 or more types of insurance coverage (life, disability, and critical illness). The amount of the cashback varies depending on the amount of coverage taken out by the borrower and their co-borrowers, if applicable, and the amount of the loan covered by life insurance. The client must sign up for mortgage loan insurance when the loan is granted or, at the latest, when the loan is disbursed. The mortgage loan insurance application must be signed during the promotional period.

This offer applies to a new purchase, external refinancing, or mortgage transfer. Mortgage renewals, internal refinancing, and mortgage renegotiations are excluded from the offer. Financing must be for a residential dwelling with 1 to 6 units.

The cashback amount can be up to $1,000.

Amount covered by life insurance from $100,000 to $399,999.99 

Amount covered by life insurance of $400,000.00 and more

If all conditions are met:

• The first half of the cashback will be awarded during the month following the loan disbursement.
• The remaining half of the cashback will be awarded no later than 6 months after the loan disbursement.

The cashback will be deposited in two (2) portions to the transaction account from which mortgage payments are collected, within 30 days of the conditions being met. No insurance claim must have been accepted for your loan within the first 6 months of disbursement for all insured persons under the agreement. To benefit from the full cashback, the client must keep all the coverage to which they subscribed at disbursement for 6 months after the loan is disbursed and must be up to date with their mortgage payments.

The offer may be modified, extended, or withdrawn without prior notice at any time. The offer may not be combined with any other National Bank offer, promotion, or benefit, other than the ones mentioned in this leaflet, and cannot be applied retroactively. There is a limit of only one cashback per eligible mortgage for the duration of the promotion, regardless of the number of co-borrowers. Clients cannot benefit from the offer more than once.

The promotion is valid for mortgage loans disbursed between February 1, 2024 and November 3, 2026.

Mortgage loans are subject to credit approval by National Bank. To take advantage of the promotion, you must:

• Have an insured and eligible mortgage loan disbursed by National Bank during the promotion period with a down payment of less than 20% (high-ratio mortgage).
• Be insured and approved by an eligible loan insurer (CMHC-SAGEN-Canada Guaranty)*.
• Ensure the property meets the energy efficiency criteria determined by the eligible insurers and provide proof the 25% refund has been received from the loan insurer.
• Have a National Bank account to receive the additional cashback.

If all conditions are met, the cashback of 25% of the loan insurance premium will be granted within 10 days of the receipt of refund proof of the 25% repaid by the loan insurer. You must maintain your mortgage loan for the duration of the term; otherwise, you will be required to reimburse a portion of the cashback received, in proportion to the term remaining.

Conventional mortgages or All-In-Ones^® are not eligible for this promotion.

Only one cashback per mortgage loan. The cashback is not retroactive.

This energy-efficient home promotion can’t be combined with any other cashback promotion with promotional rates on a new National Bank mortgage loan. If that is the case, any cashback related to another National Bank promotion will be deducted from the amount of the energy-efficient home promotion at financing. For example, a client eligible to receive $3,500 for this promotion who has already received cashback of $500 for their mortgage financing is eligible for a maximum cashback of $3,000 for the energy-efficient home promotion.

This promotion may be modified or withdrawn without prior notice.

*Consult your insurer’s criteria:

• Sagen’s Energy-Efficient Housing Program
• Canada Guaranty’s Energy-Efficient Advantage Program
• CMHC Eco Products for Lenders

Here are the main steps in preparing a mortgage application.

1. Take stock of your finances to prepare for the meeting with your mortgage advisor.
   
2. Get pre-approved online before or after your meeting.
3. Gather all the documents you'll need for the financing application.
4. Find your dream home and make an offer.
5. Have the property appraised by a professional certified by the Bank.
6. Once financing is approved, visit a legal professional to sign the official documents.
7. Congratulations! You're now a homeowner.

Consult the page on preparing a loan application for more information ². Don't forget that your mortgage advisor can help you out!

Need to access your tax information and assessments so you can complete a mortgage application? Use the Interac ^® Sign-In Service—it's user-friendly, fast and secure. 

Different types of mortgages [PDF]

**Refers to standard rate. 

***Based on a $350,000 fixed-rate mortgage  

• With a 5-year closed term
• With 25-year amortization 
• With a $5/month administration fee 
• With a $350.00 appraisal fee. The appraisal fee may be adjusted or may not be charged as part of the assessment of your mortgage application.

**** The variation is subject to change without notice.

1. Financing subject to credit approval by National Bank. Limited-time offer; rates are subject to change. Financing must be for a residential dwelling with 1 to 4 units. This mortgage offer cannot be combined with any other offer, promotion or advantage at National Bank. Employees of National Bank and its subsidiaries and entities are not eligible for this offer. National Bank reserves the right to end this offer at any time without notice. All details and conditions are available in branches.

2. The rate can be guaranteed for up to 120 days following receipt of the application.

3. Rates may differ if amortization is more than 25 years. Contact an advisor for more information. The offer may not be combined with any other National Bank offer, promotion, or benefit, other than the ones mentioned in this leaflet, and cannot be applied retroactively.

4. APR as of ${p1.tauxDateJour|date:"-"}. APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage.

5. Certain restrictions apply.

6. The special offer on the variable rate is the base rate - spread (%) and is updated monthly. The offer may not be combined with any other National Bank offer, promotion, or benefit, other than the ones mentioned in this leaflet, and cannot be applied retroactively.
"Base Rate" means the annual interest rate that the National Bank publicly announces from time to time as the reference rate used to establish the interest rate on Canadian dollar loans made by the Bank in Canada.

"Base Rate" means the annual interest rate that the National Bank publicly announces from time to time as the reference rate used to establish the interest rate on Canadian dollar loans made by the Bank in Canada.

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