Home Equity Line of Credit (HELOC)

At a glance

Found your dream home, but don't want to give up on your new car, your travel plans, or saving for your youngest child's education?

The All-In-One^TM is a home equity line of credit that helps finance your home purchase¹³ and access your repaid principal² without having to apply for another loan.

Ideal if you'd like to:

Use your available funds autonomously
Finance all your projects with a single line of credit
Save on your bank transaction fees

3 ways to qualify

You put a down payment of 20% or more during the acquisition of your home

You put a down payment of 20% or more during the acquisition of your home.

Your home is debt-free or has appreciated in value.

You want to refinance your mortgage with us.

Interested? Apply online and a mortgage expert will contact you in the next 48 hours.

Apply for a line of credit

Quick tip

Fixed fee of $7 per month, per bank account. You will have unlimited transactions.

Get $750 $ or $1,500 cashback³ and a better rate when you sign up for an All‑In‑One line of credit¹.

A line of credit for all your mortgage needs

	Two versions of the AIO
	Line of credit only	Made-to-measure mortgage (loan AND line of credit)	Mortgage loan
What is it?	You can access your repaid principal to pay for other projects.	Use the line of credit portion to finance up to 65% of the value of the property. You can access your repaid principal. Given a 20% down payment and a line of credit that covers 65% of the purchase price, the loan portion finances the remaining 15%. You can't access this portion of your repaid principal.	A traditional loan, which must be repaid over a given term. You can't access your repaid principal.
Down payment	More than 35% of the property's value.	More than 20%.	More than 5%.
Perfect if you're looking to:	Get financing or refinancing equivalent to 65% of the property's value.	Enjoy flexible financing together with the security of a traditional loan.	Benefit from the peace of mind of knowing your payment schedule in advance.
Rate See all rates	${p5.taux\|percent:"true"} variable (Prime² + ${p5.ecart\|percent:"true"}) Fee of $7 per month per account.	Line of credit portion: ${p5.taux}% variable (Prime² + ${p5.ecart\|percent:"true"}) Fee of $7 per month per account. For the loan portion, choose a fixed rate, a variable rate, or a combination of the two.	Choose a fixed rate, a variable rate, or a combination of the two.
Payments	Decide your payment amount and frequency. Only interest and insurance, if applicable, must be paid.	Line of credit portion: decide your payment amount and frequency. Only interest and insurance, if applicable, must be paid. For the loan portion, payments must be made as set out in the loan agreement.	Payments must be made as set out in the loan agreement.
Access to funds	Your repaid principal automatically becomes available—online, at the ABM, via debit card, etc.	For the line of credit portion, your repaid principal automatically becomes available—online, at the ABM, via debit card, etc.	To access funds, you'll need to apply for refinancing.
Additional payments	No prepayment charge.	No prepayment charge on the line of credit portion. Loan portion: accelerated repayment possible under certain conditions.	Accelerated repayment possible under certain conditions.

How does it work?

Purchase or refinancing: Up to 65% of the value of the property

Possibility of financing up to 80% of the value of the property if combined with a mortgage loan

Renewing your mortgage

Convert your existing loan to an All-In-One to save money and get the flexible terms you need to power your ideas.

Learn more about renewing a mortgage

Refinancing your mortgage

Leverage your repaid or unused principal (up to 80% of the value of your home) to finance your other projects..

Learn more about refinancing a mortgage

Finance more than just your home

Access funds easily for all your ideas

No need to visit a legal professional! Your repaid principal will automatically become available on the line of credit portion of your All-In-One.

Enjoy lower fees and interest rates

Pay a flat fee of $7.00 per month per account when you integrate your accounts into your All-In-One. Consolidate your loans to save on interest charges.

Simplify your loans and accounts

Your consolidated monthly statement provides an overview of your loans and accounts.

Get an edge over other buyers with a mortgage pre-approval—it's free and there's no obligation to buy.

Apply for a line of credit

Tip

Protect your loan so that your loved ones don't inherit your debt. Mortgage loan insurance covers your payments in the event of disability, critical illness or death.³

Little details that matter

Prepare my loan application

Here are the main steps in preparing a mortgage application.

Take stock of your finances to prepare for the meeting with your mortgage advisor.
Get pre-approved online before or after your meeting.
Gather all the documents you'll need for the financing application.
Find your dream home and make an offer.
Have the property appraised by a professional certified by the Bank.
Once financing is approved, visit a legal professional to sign the official documents.
Congratulations! You're now a homeowner.

Consult the page on preparing a loan application for more information. Don't forget that your mortgage advisor can help you out!

Banking fees

Bank Accounts
Fixed transaction fees	$7.00 per month per account
Unlimited transactions	Included in your fixed fees Debit card purchases (Interac^TM direct payment) Cheques Withdrawals, transfers, bill payments and withdrawals for bill payment at an ABM Transfers, bill payments via National Bank online ⁴ Transfers between accounts Transfers to another National Bank client List of ABM transactions
Payment of taxes	$10.00 Payment of past due municipal or school taxes
Other fees	You are responsible for property appraisal fees and legal expenses, if any
Interest on a positive balance ($5,000 or more)	${p5.interetCredT2\|percent:"true"}⁵

Two ways to manage your line of credit

Globale approach

You can integrate your day-to-day transactions and financing into a single account under your All-In-One line of credit. You can also integrate your existing National Bank accounts.

Perfect if you're looking to:
Get an overview of your finances by centralizing them to one place

Project approach

Your transactions can be divided among a number of accounts within your All-In-One (e.g., mortgage financing, transaction account, renovation account).

Perfect if you're looking to:
Use several accounts to better track your finances

Example of interest savings

The tables below show how much interest you could save by consolidating your financing in the All-In-One.

With All-In-One
All loans consolidated; single interest rate

	Amount of all loans	Interest rate and APRC⁶	After 5 years
Total	$230,000	*4.00%⁷	Interest paid: $41,055.87
		Fee of $7 per month per account	Fees of $420 per account
In this example, with a single account your interest savings (less fees) would be			$9,557.71

Without All-In-One
All loans separate; several interest rates

Loan type	Loan amount	Interest rate and APR⁶	Interest paid over 5 years
Mortgage loan⁸	$200,000	4.60%	$41,225.67
Personal loan⁹	$10,000	10.00%	$2,748.23
Renovation loan¹⁰	$15,000	7.00%	$2,821.08
Credit card¹¹	$3,000	14.00%	$1,796.66
Department store credit card¹²	$2,000	26.00%	$2,381.94
Total	$230,000	---	$50,973.58

The information in this chart is hypothetical and used only to illustrate the advantages of this product under identical conditions. These data do not create any legal or contractual obligation for National Bank. Line of credit granted subject to credit approval by National Bank.

Legal disclaimers

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

® The Interac and Interac e-Transfer are registered trademarks of Interac Corp. Used under licence.

1. Subject to not exceeding the maximum line of credit amount available, i.e., 65% of the value of the property.

2. Interest rate on the All-In-One (line of credit portion)

As at October 25, 2018: ${p5.tauxBase|percent:"true"} + ${p5.ecart|percent:"true"} = ${p5.taux|percent:"true"}

This rate is variable and corresponds to Prime + ${p5.ecart|percent:"true"}, and is one of the lowest rates on the market. "Prime" means the annual variable interest rate posted by National Bank from time to time, 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 the day's rate.

3. Certain conditions apply.

4. 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.

5. Credit balances are not offset against debit balances. Interest earned is calculated using the interest rate on each portion that has a credit balance, based on the amount of the balance in each portion. For example, with a credit balance of $10,000, the first $5,000 will not bear interest. The other $5,000 will bear interest at ${p5.InteretCredT2|percent:"true"}. Interest earned is calculated at the end of each day and paid monthly on the account anniversary date. Rates and rate structure subject to change.

6. APR means "Annual Percentage Rate" and represents the total interest and fees charged by the Bank, expressed as an annual percentage. It corresponds to the annual interest rate if the cost of borrowing is composed solely of interest.

7. Based on an interest rate of 4.00%. The interest rate may vary.

8. Assumptions: $200,000 in financing with a 5-year term, a residual amortization period of 18 years, a fixed 5.69% interest rate and no monthly administration fees.

9. Assumptions: $10,000 in financing, a residual amortization period of 5 years and a fixed 10% interest rate.

10. Assumptions: $15,000 in financing, a residual amortization period of 5 years and a fixed 7% interest rate.

11. Assumptions: $3,000 in financing and a fixed 14% interest rate. Payments calculated to pay off the debt in 120 months.

12. Assumptions: $2,000 in financing and a fixed 26% interest rate. Payments calculated to pay off the debt in 120 months.

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

Learn about our other mortgage solutions

Mortgage loan

Whether you want the peace of mind that comes with a fixed rate, the potential interest savings of a variable rate, or a combination of the two,¹ we've got the right mortgage for you.

See our mortgage loans

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.³

Learn about insurance

See all our solutions

Ready to take the leap?

Apply for a line of credit online and a mortgage advisor will contact you.

Apply for a line of credit

Home equity line of credit

At a glance

Ideal if you'd like to:

3 ways to qualify

Get $750 $ or $1,500 cashback³ and a better rate when you sign up for an All‑In‑One line of credit¹.

See terms and conditions

A line of credit for all your mortgage needs

How does it work?

Purchase or refinancing: Up to 65% of the value of the property

Possibility of financing up to 80% of the value of the property if combined with a mortgage loan

Renewing your mortgage

Refinancing your mortgage

Finance more than just your home

Access funds easily for all your ideas

Enjoy lower fees and interest rates

Simplify your loans and accounts

Apply for a line of credit

Little details that matter

Learn about our other mortgage solutions

Mortgage loan

Loan insurance

Ready to take the leap?

Find an advisor

Frequently Asked Questions

Home equity line of credit

At a glance

Ideal if you'd like to:

3 ways to qualify

Get $750 $ or $1,500 cashback3 and a better rate when you sign up for an All‑In‑One line of credit1.

See terms and conditions

A line of credit for all your mortgage needs

How does it work?

Purchase or refinancing: Up to 65% of the value of the property

Possibility of financing up to 80% of the value of the property if combined with a mortgage loan

Renewing your mortgage

Refinancing your mortgage

Finance more than just your home

Access funds easily for all your ideas

Enjoy lower fees and interest rates

Simplify your loans and accounts

Apply for a line of credit

Little details that matter

Learn about our other mortgage solutions

Mortgage loan

Loan insurance

Ready to take the leap?

Find an advisor

Frequently Asked Questions

Get $750 $ or $1,500 cashback³ and a better rate when you sign up for an All‑In‑One line of credit¹.