National Bank Personal Loan
National Bank of Canada offers personal loans with fixed and variable rate options. Competitive rates especially for Quebec-based customers.
Last checked on May 15, 2026. We may earn a commission when you click through.
The National Bank offers personal loans with competitive rates for Quebec residents, making it a solid choice for those looking to finance major life expenses.
National Bank Personal Loan
Updated 1 day ago| APR | Amount | Term |
|---|---|---|
| 7.95–14.95% | CA$2,000–CA$50,000 | 12–60 mo |
Requirements
Canadian resident
Good credit score
Proof of income
Decision
1-3 business daysOur Verdict
The National Bank offers personal loans with competitive rates for Quebec residents, making it a solid choice for those looking to finance major life expenses.
Best For
This loan is ideal for individuals seeking fixed or variable rate options, particularly for home renovations or debt consolidation.
Watch Out
Approval times can vary, and those with lower credit scores may face challenges securing the best rates.
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About this loan
National Bank offers flexible personal loan options at competitive rates, especially for Quebec residents. However, potential borrowers should carefully evaluate their financial needs.
What Customers Say
Borrowers generally appreciate the competitive rates and flexible terms but note challenges in securing approval with lower credit scores.
Expert Analysis
If you need between $5,000 and $50,000, National Bank's personal loans provide flexible terms ranging from 12 to 120 months. Their 7.95% to 14.95% APR may be appealing, especially for residents in Quebec. However, only borrowers with good credit scores are likely to qualify for the best rates.
The option to choose between fixed and variable rates allows for customization based on your financial strategy. Fixed rates offer predictability, ensuring that your monthly payments remain the same throughout the loan term. Conversely, variable rates can be advantageous if interest rates decline, potentially lowering your overall costs.
While the approval process takes about 1-3 business days, applicants should be aware that those with lower credit scores may struggle to secure favorable terms. Compared to alternatives like TD’s personal loans, which may offer lower starting rates, National Bank's offerings are more competitive for high-tier credit borrowers looking for flexibility.
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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