National Bank of Canada Review

National Bank of Canada Information

This Canadian chartered financial institution was founded in 1979 due to a successful merger between Banque Canadienne Nationale (founded in 1859) and The Provincial Bank of Canada (founded in 1861).

Since the foundation of NBC, it has become an unstoppable force and has climbed its way to the top. NBC has continued to expand its horizons and grow its business through several smart acquisitions. One of these acquisitions is the purchasing of Laurentide Mortgage cooperation in 1981 and some active subsidiaries of Laurentide Financial Corporation. It also owns 67% of one of Canada’s most influential and most prominent brokerage houses, Levesque Beaubien Geoffrion Inc.

Today, the National Bank of Canada has over 500 offices and branches throughout Canada and has over 16,000 active employees. In addition, this bank accepts different people worldwide, both as consumers and as part of the team.

Main Office Address

The National Bank of Canada headquarters is located in Montreal, Canada. The address is 600 Gauchetiere St W, 4th Floor, Montreal.

Business Hours

Monday to Friday, 9 am to 5 pm (Canadian Time)

Below is some business hours information that applies to most NBC branches:

• Weekdays: The National Bank of Canada business center is open for 24hours from Monday to Friday. The customer service department is also available 24 hours from Monday to Friday.
• Weekends: The customer service department is open on Saturdays and Sundays 24 hours per day. The business center is open on Saturdays and Sundays 24 hours per day.

It is important to note that different branches have their various modes of operations; hence to be on the safe side, you should call ahead or check online before going to your local branch.

Email

Phone

The National Bank of Canada has different phone numbers for various purposes. They are listed below:

Customer service 

888 483 5628

Banking Solutions

Contact number 1 888 835 6281 if you want to carry out transactions like paying a bill, transferring money to another person, contributing to a RRSP or TFSA, and buying investment funds.

MasterCard Credit Cards 

You can contact this number 1 888 622 2783 if you need help with applying for credit, applying for a credit card, reporting a lost or stolen credit card.

Business 

You can contact this at 1 844 394 4494 if you have inquiries about opening an account, banking services, financing options, investment products, and credit cards.

Types of Loans Offered at the National Bank of Canada

The National Bank of Canada offers various loan options designed to suit your diverse needs. First, you need to apply for a loan to get the exact funds you need. Then, you can pay back at a schedule that suits your budget.

At NBC, you can get a better interest rate when you secure your loan with a personal asset. The loans you get from NBC can be used for travel, debts consolidation, car purchasing, and more.

Below are the loan options available at the National Bank of Canada and what they entail:

Personal Loans

A personal loan is a good way of covering basic expenses like a home improvement project, traveling to another country, throwing a house party, or even preparing for a new baby. A personal loan helps make your plans a reality, and by getting a loan from NBC, you have the benefit of enjoying flexible payment terms.

You could choose either a fixed rate or a variable rate at NBC. The rate stays the same with a fixed rate until the end of the loan term. It is perfect for you if you are looking to pay a fixed amount and know how much interest you will incur for the duration of your period. With a variable rate, you can take full advantage of lower interest rates.

Eligibility Criteria

• You must be a Canadian citizen or permanent resident.
• You must not have been refused credit in the past six months.
• You must have reached the age of majority in your province of residence.
• You must have a source of employment or pension income.

Necessary Documents

• Your telephone number and address, and that of your employer.
• Your financial information like credit cards, bank account, income, assets, liabilities, etc.

After applying for a personal loan, you will:

• Receive a confirmation email.
• Receive an email or phone call stating all the additional necessary documents.
• Receive an answer within 24-48 hours.

Car Loans

Your dream car can become a reality with NBC car loans. The payment can be adjusted to almost any budget; all you need is to choose the payment option that works best for you. 

With this loan, you get a repayment period of up to eight years, and you have the choice of preparing your loan in whole or in part. You could pay back either weekly, biweekly or monthly.

If your loan exceeds $10,000, you are eligible for financing with a 25% down payment.

Eligibility Criteria

• You must be a Canadian citizen or permanent resident.
• You must not have been refused credit in the past six months.
• You must have reached the age of majority in your province of residence.
• You must have a source of employment or pension income.

Necessary Documents

• Your telephone number and address, and that of your employer.
• Your financial information like credit cards, bank account, income, assets, liabilities, etc.

After applying for a personal loan, you will:

• Receive a confirmation email.
• Receive an email or phone call stating all the additional necessary documents.
• Receive an answer within 24-48 hours.

RRSP Loans

With an NBC RRSP loan, you can save for retirement while maximizing your income tax return. This loan is perfect for people looking to reduce their taxable income, use their tax return to repay their loans, get quick financial help for RRSP contributions and make use of unused RRSP contributions from past years.

With this loan, you can get swift approval for a minimum of $1000 with a variable or fixed rate. In addition, your initial payment can be deferred for 3-6 months. 

Eligibility Criteria

• You must be a Canadian citizen or permanent resident.
• You must not have been refused credit in the past six months.
• You must have reached the age of majority in your province of residence.
• You must have a source of employment or pension income.

Necessary Documents

• Your telephone number and address, and that of your employer.
• Your financial information like credit cards, bank account, income, assets, liabilities, etc.

After applying for a personal loan, you will:

• Receive a confirmation email.
• Receive an email or phone call stating all the additional necessary documents.
• Receive an answer within 24-48 hours.

Why Choose National Bank of Canada?

The National Bank of Canada offers a lot of excellent services to customers, and some of them are:

• Checking Accounts
• Bank Reviews
• Personal Loan Guide
• Money Market Accounts
• Certificate of Deposits
• Prepaid Debit Cards
• Savings Accounts
• Certificate of Deposits (CDs)
• Wealth Management
• Investments 

National Bank of Canada is a trustworthy bank that provides immense support to the community by assisting several organizations that are pretty active with young people. This bank is not only interested in making profits, but it is also interested in the growth and well-being of the community. 

To maintain high standards of conduct, NBC voluntarily follows a series of codes to ensure top-tier performance and customer satisfaction.

NBC has a couple of special offers going on right now, and some of them are:

• Treat yourself with your new National Bank Credit card, up to $250 in travel rebates per year.
• Shop and redeem your points in our online boutique. 
• Sign up for an eligible National Bank credit card to earn 15000 reward points and save on the annual fees for the first year.

How to Sign Up

Conclusion

The National Bank of Canada is a leading bank in Canada and a great choice for any Canadian looking to open a new account. This bank values its clients and has excellent checking options as well as services.