Mortgages Inner Page Slide

Mortgages Heading

Mortgages

Mortgages

Residential
 
Conventional Mortgage

Avail a mortgage for up to 80% LTV competitive rates and for terms up to 5 years.

High LTV Loans

Get financing upto 95% of LTV with Canada Mortgage and Housing Corporation (CMHC) insurance. Premium of CMHC included in loan amount.

Home Equity.

Take out the equity in your home by availing a line of credit upto 65 % of Loan-to-Value (LTV). Deposit surplus funds and withdraw at will to save on interest cost.

Mortgage Prepayment Disclosure - Click Here
Residential Mortgage Public Disclosures - Click Here
Information on Mortgage Security (Residential Mortgage) - Click Here
 
Residential Mortgage Rates

From the security of a fixed rate mortgage to the flexibility of a variable rate mortgage, you have choices when it comes to interest rates.

Fixed Rate Mortgage

The interest rate for a fixed rate mortgage is locked in for the full term of the mortgage. This provides you with the security of knowing the exact payment amount due for the decided term.

Variable Rate Mortgage

The interest rate for a variable rate mortgage varies with the fluctuation in the benchmark rate. There is a fixed spread linked to the SBIC CAD prime rate, which defines the rate charged on your mortgage for the entire term. This provides you with the flexibility to take advantage of falling interest rates.

To understand Interest Rate Changes - Click Here

To learn about selling your property - Click Here

Fixed Rate Mortgages
Closed
Term Posted Rates Special Rates
6 Months NA NA
1 Year 6.90 % NA
2 Year 6.90 % NA
3 Year 6.60 % NA
4 Year 6.90 % NA
5 Year 6.40 % Special Offers are Available (Contact our Branches for more details)
  • SBI Canada Bank Prime Rate is 7.20% with effect from July 13, 2023.
  • Rates have been provided for information only and are subject to change without notice at any time.
  • Special Offer may be changed or be withdrawn at any time without notice.
  • Other conditions and restrictions apply.
 

Borrowings Side Navigation

Mortgage Calculator Image with Link

Support

Support

Contact a business representative image.

Contact a Business Representative

SUB Services money transfer to India

Money Tranfer to India

money transfer image, click below to know more

More about money transfers

SUB Services How to open an account with the SBI Canada Bank

How to open an account with SBI Canada Bank

how to open an account with SBICA bank image, click below to view more

Learn More