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Solutions Banking™ loans

Flexible loans to finance your goals

Solutions Banking borrowing options can help you pay for projects and purchases that are important to you.

Solutions Banking products and services are provided by National Bank of Canada, and are offered through certain advisors only. Other bank products and services are provided by National Bank of Canada under its own name, and are provided through other advisors. For further information, ask your advisor.

  • Lots of loan options

    Choose from several borrowing accounts to meet your unique needs.

  • Excellent rates

    You’ll find Solutions Banking interest rates compare favourable to the competition.

  • Flexible terms

    Some types of loans allow you to pay interest only or lump sum repayment.

What is a loan?

A loan is an amount of money you borrow from a financial institution and pay back in regular installments over a set time period, with interest.  

Some loans are secured by an asset in case you can’t repay the loan as agreed. These loans often have a lower interest rate than loans with are unsecured.  

When should you get a loan?

You may wish to get a loan to pay for something that could otherwise take years to save for, such as an investment opportunity, renovating your home or cottage, buying a new car or boat, or handling an emergency expense. 

Secured personal loans

  • Ideal for your one-time borrowing needs, such as purchasing a vehicle or funding a vacation
  • Competitive fixed or variable interest rates
  • Secured by your Canada Life Mutual Fund or segregated fund policy which means lower interest rate
  • Minimum loan amount is $5,000

Registered retirement savings plan (RRSP) loan Footnote *

  • Helps you take advantage of unused RRSP contribution room which may help you reduce your personal income taxes
  • Minimum loan amount $1,000 (no maximum)

Investment loan Footnote **

  • Borrowing to invest (also known as leveraging) can help you grow your non-registered investment portfolio and build wealth.
  • However, this tactic can also magnify your investment losses, so it may not suit every investor.
  • Talk with your advisor before you borrow to invest. Footnote ***

Build your banking into your financial plan

Your advisor can help you manage your savings in an effective way and identify strategies for paying off debt as quickly as possible.

Footnote *
* Fee waiver does not include Interac®1 and CIRRUS®3 network or services fees or convenience fees charged by some financial institutions or private ABMs. For full fee disclosure, refer to the Solutions Banking Product and Services Guide to Fees.
Footnote **
** While borrowing to invest has potential benefits (investing an initial lump sum creates greater potential for compound-growth compared to making smaller regular investment purchases), it also has potential risks and can magnify losses (market volatility may result in poor investment returns and the possibility of owing more on the loan than the investments are worth).
Footnote ***
*** While borrowing to invest can be a powerful means to build wealth, the risks involved make it a strategy that is not suitable for everyone. Your financial security advisor can help you determine if borrowing to invest is a strategy that is right for you.