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Simplii Financial Mortgage Rates

Simplii FinancialSimplii Financial is the direct banking subsidiary of the Canadian Imperial Bank of Commerce (CIBC). It was founded in 2017 following CIBC and the supermarket chain Loblaw Companies mutually deciding to end their 20-year joint venture of providing consumer banking services under the President’s Choice Financial brand.

Simplii traces its history to a 1996 co-venture between CIBC and Loblaws to provide banking services under the President’s Choice Financial brand. In August 2017 the two co-venture partners decided to end the relationship. Effective November 1, 2017 all 2 million PC Financial bank accounts as well as loans, mortgages, and investments were transferred to Simplii.

Simplii Financial Mortgage Rates

Simplii Financial mortgage rates include fixed and variable rates for a number of different lengths of terms and products including new purchases, first time home buyers, refinancing and debt consolidation and mortgage renewals.

Simplii Financial Mortgage Products

  • Simplii Financial Fixed Plus Mortgage
  • Simplii Financial Variable Rate Mortgage
  • Simplii Financial Fundamental Mortgage
  • Simplii Financial Starter Mortgage
  • Simplii Financial Cashback Mortgage

Simplii Financial Mortgage Options

  • Payment Options: Weekly, Bi-Weekly, Semi-Monthly, and Monthly
  • Terms: 2, 3, 4, 5, 7 and 10 Year Fixed and 5 Year Variable
  • Amortization: Up to 30 years Conventional and 25 Years Insured

  • Loan to Value: Up to 80% Conventional or 95% Insured

  • Prepayment: 20% Lump Sum Payment and 25% Increased Payments

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