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Home improvement line of credit

Financing for stress-free renovations

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At a glance

Taking out a mortgage on a fixer-upper? Do you already own a home that needs a bit of TLC?

With the home improvement line of credit, you can access pre-approved financing for your renovations at any time and at a lower rate than with a credit card.1

Perfect if you're looking to:

  • Borrow more than $5,000 for your renovations
  • Defer repayment for a year
  • Benefit from a competitive rate2
  • Access credit easily, including at the ABM and online3

How does it work?

Do your renovations now

Get financing for your renovations and pay nothing for a year (although interest is charged from the first day).

Pay next year

After a year, you have three options.

  1. Repay your line of credit in full.
  2. Renegotiate your mortgage loan to include the balance of your line of credit.
  3. Convert your line of credit into another type of financing, like a personal loan.

Talk to an advisor about our flexible financing for your renovations.

Make an appointment

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Take out a new National Bank mortgage insured by CHML or Genworth and get a cashback on disability and critical illness mortgage insurance. Up to 25% of premiums for the first year refunded.*

Insure your mortgage at 1‑844‑320‑5857.

Little details that matter

Legal disclaimers

TM All-In-One is a trademark of National Bank of Canada.

1. Financing subject to credit approval by National Bank. Certain conditions apply. The Bank reserves the right to determine what can be financed under a Home Improvement Line of Credit.

2. The regular rate for a line of credit is the prime rate* + ${p3.ecart|percent:"true"}, which corresponds to ${p3.taux|percent:"true"} (${p3.tauxBase|percent:"true"} + ${p3.ecart|percent:"true"}) as at October 25, 2018. As the applicable rate is based on the prime rate, it may fluctuate over time. No management costs. Account statements are produced monthly. Interest accrues as soon as an amount is drawn on the line of credit. No minimum monthly payment for 12 months after the line of credit is granted. After 12 months, the line of credit must be repaid in full or converted into another credit product.

The prime rate means the annual variable interest rate posted by National Bank, from time to time, and used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada. Consult the prime rate webpage to find out today's rate.

Examples of credit charges calculated for a period of thirty (30) days for the Home Improvement Line of Credit based on the rate in effect on October 25, 2018.


Average balance




Prime rate + ${p3.ecart|percent:"true"} (${p3.taux|percent:"true"})
Based on an interest rate of ${p3.taux|percent:"true"}. The interest rate may vary.



3. Certain browser versions are required to access National Bank online. For more information, visit the Browsers section for access to National Bank online and read the ABCs of Security.

4. Subject to credit approval by National Bank of Canada. Certain conditions apply.

Other financing solutions for your renovations

Home equity line of credit

With the All-In-One™ line of credit, you can leverage your home equity to finance new projects.4

See the All-In-One line of credit

Personal loans

Opt for fixed- or variable-rate financing and manage your budget more easily with scheduled payments.4

See our personal loans

Ready to start renovating?

Meet with an advisor to find the financing solution that's right for you.

Make an appointment
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