Do you want to do major repairs on your home? Maybe you just want to spruce it up.
No matter how big or small your renovation project, National Bank can help. We provide financing solutions geared to your renovation needs.
Our solutions for your renovations
The tables below provide information on our financing solutions1.
Flexible repayment options.
Access the funds at any time2 via:
Get a single amount that can be used to finance all your renovation work.
Finance your renovations using your mortgage loan, but under separate repayment terms.
Repay at your own pace. Minimum monthly payment is interest (and insurance premiums where applicable).
Fixed payments are automatically debited from your account on a set date (weekly, bi-weekly or monthly).
You can select your repayment period to suit your budget and cash inflows.
You can borrow up to 80% of the value of your property (minimum loan is $25,000).
You can borrow up to 80% of the value of your property4 (minimum loan is $5,000).
You must be the owner of the property.
You must have 20% equity in the property.
You must have at least 20% equity in the property.
Small and Medium-Sized Renovations
Home Improvement Line of Credit
Personal Flex Line
You can access the funds at any time via2:
Obtain a single amount that can be used to finance all your renovation work.
You can select your repayment period based on your budget and cash inflows.
You have the option of deferring payments for up to one year.
However, the interest will continue to accrue.
Minimum loan: $5,000.
Based on your:
Looking to borrow less than $5,000?
If you don’t plan on spending more than $5,000 on renovations, MasterCard credit card solutions can help you carry out your projects. Various types of cards are available.
Insure your future
For just a few dollars more each month, you can have the peace of mind that comes with knowing that if you become critically ill or disabled or die5, your loan will be repaid and your family will not be saddled with a financial burden. For more information, see our Loan insurance section.
1 These solutions are subject to credit approval by National Bank.
2 Subject to fund availability and applicable fees.
3 Certain browser versions are required to access National Bank’s Internet Banking Services. Please see the section “Browser Requirements for Internet Financial Services” in the ABCs of Security at www.nbc.ca.
4 If the loan amount exceeds 65%of the property value (cottage), the loan must be insured with Genworth
5 Various types of coverage are offered depending on the type of loan chosen. Certain conditions apply, including requirements for loan insurance eligibility.
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