The promotional offer is valid until October 31, 2023. The loan must be disbursed within 90 days of receipt of the client’s application for a mortgage loan from National Bank. The mortgage loan must have a fixed or variable rate and a term of 4 years or longer at the promotional rate in effect and as announced on National Bank’s website. The loan must be for an owner-occupied residential dwelling with 1 to 4 units. There is a limit of one cashback per mortgage loan.
Cashback up to $3,000:
The cashback amount varies according to the mortgage loan amount.
$1,000 in cashback for mortgage loans from $100,000 to $249,999
$1,500 in cashback for mortgage loans from $250,000 to $499,999
$2,000 in cashback for mortgage loans from $500,000 to $749,999
$3,000 in cashback for mortgage loans of $750,000 or more
If all conditions are met, the cashback will be granted within 2 days of the date the loan is disbursed. Mortgage loans are subject to credit approval by National Bank.
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.