Renew your mortgage

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• You must hold a personal chequing account with National Bank from which the pre-authorized mortgage payments will be withdrawn.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 It will be deposited into the chequing account from which the mortgage payments are withdrawn.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.

Duration of the promotion

April 28, 2025, to November 3, 2026.

Terms and conditions of the offer

1. Be a borrower or co-borrower of a National Bank mortgage loan;
2. At least one mortgage loan tier must be due for renewal* between April 28, 2025, and November 3, 2026;
3. Sign up for at least one type of insurance coverage on a mortgage loan tier between April 28, 2025, and November 3, 2026;
4. The coverage must be maintained for 6 months from the loan insurance enrolment date;
5. Enrolment in loan insurance must take place between these dates:
   • Up to 6 months before the renewal date;
   • No later than the first payment after the loan renewal date.
6. Be the holder or co-holder of a transactional chequing account or a Progress Account™ in Canadian currency with National Bank at the time the cash back is deposited.

Eligible products:

1. All uninsured mortgage loans or mortgage loan tiers, or ones that do not have full insurance coverage during the renewal period.
2. In the event that only one mortgage tier is up for renewal, the other mortgage loan tiers are also eligible for the offer.

Non-eligible products

1. All-In-One™ home equity line of credit
2. Mortgage loan integrated into an All-In-One™ 

Cashback of up to $450 per insured person per mortgage tier

For each mortgage tier for which loan insurance is added as part of the mortgage renewal, the cashback amount is determined based on:

• the number of types of coverage added:
  1. Disability coverage;
  2. Critical illness coverage;
  3. Life coverage.

and

• the insured amount of the mortgage tier: