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 June 7, 2026. We may earn a commission when you click through.
National Bank Personal Loan
Updated 4 months agoAPR Range
7.95–14.95%
Amount
CA$2k–CA$50k
Term
12–60 months
Type
Personal
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Our Verdict
National Bank offers flexible personal loan options at competitive rates, especially for Quebec residents. However, potential borrowers should carefully evaluate their financial needs.
Best For
This loan is best for Quebec-based customers looking for personalized loan options with both fixed and variable rates.
Watch Out
Be mindful of the higher end of the APR range, which can significantly impact your overall repayment costs.
Full Review
The National Bank Personal Loan provides a viable option for Canadians seeking personal financing. With APRs ranging from 7.95% to 14.95%, the fixed and variable rate choices cater to different borrower preferences. Quebec residents may benefit from more competitive rates, making this an attractive choice for those in the area.
One significant advantage is the flexibility in repayment terms, which can help borrowers manage their budgets effectively.
However, the higher APRs can be a drawback, especially for those with less-than-perfect credit. It's essential for potential borrowers to assess their financial situation and compare the National Bank's offerings with other lenders in the market. Alternatives such as credit unions or online lenders may provide better rates or terms, particularly for those with good credit histories.
In summary, while the National Bank Personal Loan offers solid options, it’s crucial to shop around and consider all terms before committing.
Requirements
- Canadian resident
- Good credit score
- Proof of income
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