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Overview of the offer



Cashback with a loan of $750,000 or more*


Cashback with a loan between $500,000 and $749,999*


Cashback with a loan between $250,000 and $499,999*


Cashback with a loan between $100,000 and $249,999*

Offer valid for a limited time. Commitment of 4 years minimum*.

What step are you at?

Starting to look around?

Lock in preferred rates for a mortgage loan.

Get pre-approved

Prefer to speak to an expert?

Contact an advisor for more information.

Find an advisor

An advantageous rate with cashback. We’re making it possible.

We’re doing things differently

Typically, a cashback offer is accompanied by a higher mortgage rate. We decided otherwise. Opt for our $2,500 cashback offer and enjoy a promotional rate. Take a look at the following example, this offer is more advantageous than a no-cash offer at a lower rate:


Loan: $500,000

down payment: $31,800

Mortgage insurance (CMHC): $19,900

Duration: 25 years

Term: 5 years

  Without cashback With $2,000 cashback
5-year fixed

3.09% APR6

3.14% APR6

Monthly installments



Difference after 5 years



Cashback amount



Difference after 5 years


$2,000 - $900 = $1,100

Do your calculations

Evaluate your financial situation and find the mortgage
solution that’s right for you.

See calculators

Compare the 3 types of mortgage loans

What is the best mortgage rate for you? It depends mainly on your tolerance for risk. There are three types of loans (fixed, variable and made-to-measure), and two types of rates (fixed and variable).


With fixed rate

With variable rate


What is it?

Your interest rate remains the same for the entire term.

Your interest rate can go up or down based on market fluctuations.

Your loan includes more than one type of product: fixed and variable.

You can add a home equity line of credit if needed. 

Ideal if you want to

Enjoy the security of equal mortgage payments.

Save on interest if rates go down.

Enjoy stable payments and
take advantage of interest rate drops to save money.


See all rates

See the fixed rates in effect* according to the different terms.

Benefit from a capped
rate that protects against rate hikes.

Consider adding a home
equity line of credit.

Terms and duration

(6 months or 1 year)

  • No prepayment charge if you
    repay your loan in one shot.
  • Ideal if you plan to
    sell your home.

Closed (3 months to 10 years)

  • Prepayment charge if
    you repay before maturity1.
  • The rate is lower than for an open loan.

(5 years)  

  • 5-year commitment.
  • Prepayment charge if
    you repay before maturity1.
  • More advantageous rate than an open term.

Fixed rate portion: open (6 months or 1 year) or
closed (3 months to 10 years).

Variable rate portion: closed (5 years).


Speed up your mortgage repayment without prepayment charges.
See our 4 options. 

Based on the type of
solution for your loan. Consult an advisor.

How to save even more?

Combine a cashback offer with one of our promotional mortgage rates.

See promotional rates

Little details that matter

Cashback offer – terms and conditions and eligibility

Loan Cashback amount
$750,000 or more $3,000
$500,000 to $749,999 $2,500
$250,000 to $499,999 $1,500
$100,000 to $249,999 $1,000
Cashback amount
$750,000 or more
$500,000 to $749,999
$250,000 to $499,999
$100,000 to $249,999


To take advantage of this special offer, simply sign up for a National Bank mortgage loan by January 31, 2021.


The mortgage loan must :

• have a fixed or variable rate with a term of 4 years or longer

• be for an owner-occupied residential dwelling with 1 to 4 units

• be disbursed within 90 days of receiving the client's application for an insured loan from National Bank

Prepare my loan application

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 information2. Don't forget that your mortgage advisor can help you out!

Quickly access your documents

Need to access your tax information and assessments so you can complete a mortgage application? Use the Government Sign-In by Verified.Me service—it's user-friendly, fast and secure. 

Legal disclaimers

*This offer is valid from January 15, 2020 to January 31, 2021. The offer applies to clients who have been approved by National Bank for new mortgage loan of $100,000 or more. The loan must be disbursed within 90 days of receiving the client's application for a loan from National Bank. The mortgage loan must have a fixed or variable rate with a term of 4 years or longer at the current promotional rate.The loan must be for an owner-occupied residential dwelling with 1 to 4 units. The offer may be modified, extended, or withdrawn without prior notice at any time. The offer may not be combined or used with any other National Bank offer, promotion or benefit. There is a limit of one cashback per mortgage loan. The cashback amount varies according to the amount of the loan: $1,000 cash back for loans between $100,000 and $249,999, $1 500 cash back for loans between $250,000 and $499,999, $2 500 cash back for loans between $500,000 and $749,999, and $3,000 cash back for loans above $750,000. The cashback amount cannot exceed $3,000 per loan. If all conditions are met, the cashback will be granted on the loan disbursement date. 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 still remaining. Mortgage loans are subject to credit approval by National Bank of Canada. Employees of National Bank and its subsidiaries and entities are not eligible for the offer. 

*Refers to standard rate.

TM ALL-IN-ONE is a registered trademark of National Bank of Canada.

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 90 days following receipt of the application.

Learn about our other mortgage solutions

Home equity line of credit

Buy a home with the All-In-One™ line of credit and leverage your home equity to finance new projects, like renovations or travel.8

See the All-In-One line of credit

Loan insurance

Get disability, critical illness and life coverage for your loan or line of credit to make sure your loved ones don't inherit your debt.8

See mortgage insurance

Interested in a mortgage loan?

Apply online and a mortgage expert will contact you.

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