This search result was generated using AI. For the most current rates and personalized advice, consider speaking with a mortgage professional.
National Bank of Canada (BNC/NBC) offers a range of mortgage products with competitive rates across fixed and variable terms. As of July 2025, rates remain elevated compared to historic lows, reflecting current Canadian market conditions. National Bank provides both posted and discounted rates, with various prepayment options and features tailored for different borrower needs.
The following table summarizes National Bank’s discounted rates for uninsured and insured mortgages (latest data as of June–July 2025):
| Term | Uninsured Rate | Insured Rate |
|---|---|---|
| 1-year fixed | 5.49% | — |
| 2-year fixed | 4.79% | — |
| 3-year fixed | 4.44% | — |
| 4-year fixed | 4.49% | — |
| 5-year fixed | 4.49% | 4.19% |
| 5-year variable (closed) | 4.45% | — |
| 7-year fixed | 5.26% | — |
Note: These rates may vary by borrower profile, property type, and location. Always confirm with the bank or a mortgage broker for the most accurate, up-to-date rates.
Posted rates are typically higher than discounted rates and are mainly used for penalty calculations:
| Term | Posted Rate |
|---|---|
| 1-year fixed | 6.09% |
| 2-year fixed | 5.39% |
| 3-year fixed | 6.05% |
| 4-year fixed | 5.99% |
| 5-year fixed | 6.09% |
| 5-year variable (closed) | 4.95% |
| 6-year fixed | 6.40% |
| 7-year fixed | 6.40% |
| 10-year fixed | 6.80% |
**
| Bank/Lender | Max Annual Prepayment | 5-Year Fixed (Discounted) | 5-Year Variable (Discounted) |
|---|---|---|---|
| National Bank | 10% | 4.49% | 4.45% |
| RBC | 10% | — | — |
| TD Bank | 15% | — | — |
| Scotiabank | 15% | — | — |
| BMO | 20% | — | — |
| HSBC | 20% | — | — |
National Bank’s prepayment privileges are lower than some competitors, so consider your future lump-sum payment plans when choosing your lender.
National Bank is a federally regulated lender, so mortgage rules are consistent nationwide. However, provincial land transfer taxes, legal fees, and first-time homebuyer incentives may vary. Always check for local programs or differences if you’re purchasing outside Quebec, where National Bank has its strongest presence.
National Bank participates in all major Canadian government homebuyer incentives, which include:
National Bank of Canada offers competitive fixed and variable mortgage rates, with the 5-year fixed and variable options being the most popular choices. Their prepayment privileges are more limited than some competitors, so consider your payment flexibility needs. For best results, compare rates across lenders using theratefinder and consult with a mortgage expert to ensure the best fit for your circumstances.