National Bank of Canada review
Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026
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Our verdict
National Bank of Canada suits Canadian borrowers who want one established lender across buying, switching lender or borrowing against a home. The initial rate of 4.69% sits a little above the market middle, and lending to 95% of the value gives room on the deposit.
Key facts
- Best for
- A single Canadian bank covering purchase, remortgage and home-equity lending.
- Initial rate
- 4.69% (Source, checked September 26, 2026)
- Fixed period
- 5 years (Source, checked September 26, 2026)
- Maximum loan to value
- 95% (Source, checked September 26, 2026)
- Product fee
- CA$5 (Source, checked September 26, 2026)
- Purpose
- Purchase, Remortgage, First-time-buyer, Home-equity (Source, checked September 26, 2026)
- Legal entity
- National Bank of Canada (Source, checked September 26, 2026)
- Headquarters
- Canada (Source, checked September 26, 2026)
- Founded
- 1859 (Source, checked September 26, 2026)
- Support channels
- Help-centre, Chat, Phone (Source, checked September 26, 2026)
- Official website
- nbc.ca
Loans
Apps and profiles
Pros and cons
Pros
- Initial rate of 4.69% sits well below Sofkredit at 8% to 14%.
- Maximum loan to value of 95% is above the 90% median on the mortgage ranking.
- Founded in 1859 and based in Canada, a long-established domestic bank.
- Help centre, chat and phone are all in help centre, chat and phone for questions before and after you sign.
Cons
- A product fee of CAD 5 is added to the rate on its mortgage lending, including purchase, remortgage and home-equity loans.
- The fixed period of 5 falls well short of the 10 median across the mortgage ranking.
- The 4.69% rate is higher than Prestalo at 2.36% and Creditilia ES at 4%.
Who it suits
- Canadian buyers and existing homeowners who want a purchase, remortgage or home-equity loan from a bank founded in 1859.
- Borrowers whose deposit leaves them borrowing no more than 95% of the property value.
- People comfortable fixing at 4.69% for 5 and reviewing the deal afterwards.
Who should look elsewhere
- Cost-first borrowers: Prestalo quotes 2.36% and Creditilia ES quotes 4%, both below the 4.69% on offer here.
- Buyers who expect to move or remortgage within a few years, since the fix runs 5, shorter than the 10 median.
- Readers who want a wide published range to shop across, since Sofkredit shows 8% to 14% against the single rate listed here.
How National Bank of Canada compares
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Where National Bank of Canada is available
- Available
- Canada
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Frequently asked questions
What is the initial rate on a National Bank of Canada mortgage?+
The published initial rate is 4.69%. That is above Prestalo at 2.36% and Creditilia ES at 4%, and well above Sofkredit at 8% to 14%. The median initial rate across the mortgages ranking is 4.49%, so this price sits a shade above the middle of the market.
What fees come with the mortgage?+
A product fee of CAD 5 applies alongside the interest rate on these loans. Across the site, annual percentage rates sit as low as 1.88% and as high as 64.4%, which shows how far the headline rate travels. Over a fix of 5 the fee is a modest line in the total cost.
How long does the rate stay fixed?+
The rate is fixed for 5. That is shorter than the 10 median across the mortgage ranking, where fixed periods stretch as far as 40. You would be repriced sooner than with a lender that holds its rate for longer.
How much can I borrow against a property?+
The maximum loan to value is 95%, so you can borrow that share of the property's value. That is above the 90% median on the mortgage ranking and in line with its 95% figure. The same ceiling applies when borrowing against a home you already own.
What kinds of loans does the bank offer?+
The purposes listed are purchase, remortgage and first time buyer, which covers first-time buyers as well as existing owners. Buying, switching lender and borrowing against a property you already own all sit with the same bank, which helps if you expect to borrow against the same home again later.
How can I get help or ask questions?+
Support runs through help centre, chat and phone, so a help centre, live chat and phone are all available to you. Across the site, 85% of listings include phone support and 79.8% include a help centre, so both channels are widely offered.
Where does it rank against other lenders?+
On price the brand is mid-table: it ranks 143 of 297 compared brands for initial rate, and 47 of 293 for maximum loan to value. The fixed period rank of 148 is the weaker of those measures.
Sources
- nbc.ca/about-us.html checked September 26, 2026
Backs: Founded, Headquarters
“We were founded in 1859 by a group of Quebec City businessmen who were committed to serving the interests of their French-speaking peers”
- nbc.ca/contact-us.html checked September 26, 2026
Backs: Support channels
“Consult our Help centre; Chat with our virtual assistant, available 24/7; Call us [1-855-755-9533]”
- nbc.ca/personal/mortgages/loan.html checked September 26, 2026
Backs: Purpose
“Buy a property / Buy your first property; this offer applies to a new purchase, external refinancing, or mortgage transfer; Home equity line of credit (All-In-One)”
- nbc.ca/personal/mortgages/purchase.html checked September 26, 2026
Backs: Maximum loan to value
“You can put down as little as 5% on your mortgage loan when you take out loan insurance with the Canada Mortgage and Housing Corporation (CMHC), Sagen or Canada Guaranty”
- nbc.ca/personal/mortgages/rates.html checked September 26, 2026
Backs: Fixed period, Initial rate, Product fee
“5 year fixed high ratio rate 4.69%”
- nbc.ca/terms-of-use.html checked September 26, 2026
Backs: Legal entity
“For the purposes hereof, We, Us, and Our means National Bank of Canada, its subsidiaries and affiliates”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: APRC.
National Bank of Canada
A single Canadian bank covering purchase, remortgage and home-equity lending.