Simplii Financial Mortgage Rates & Reviews

WOWA Trusted and Transparent
Simplii Financial

Simplii Financial Background

Simplii Financial is the direct banking brand of the Canadian Imperial Bank of Commerce (CIBC) and was established on November 1st, 2017. It offers a range of financial services such as mortgages, accounts, lines of credit, and a variety of investment products. Simplii financial provides its services to 2 million clients across Canada.

Simplii Financial Prime Rate

Simplii Financial's Prime Rate is used as the basis for many of Simplii Financial's lending products including variable rate mortgages, lines of credit, and HELOCs. Prime, or P, is normally combined with a spread to make up the final interest rate.

Current Simplii Financial Prime Rate: 2.45%

Last Changed: March 30, 2020

Simplii Financial Fixed-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
2-Year Fixed
1.99%$1,693
3-Year Fixed
1.87%$1,670
4-Year Fixed
1.99%$1,693
5-Year Fixed
2.24%$1,743
7-Year Fixed
5.39%$2,430
10-Year Fixed
6.25%$2,639

The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

Simplii Financial Variable-Rate Mortgages

Mortgage Amount:
Amortization:
Payment Frequency:
TermRateMonthly Payment
5-Year Variable
1.34%$1,570

The rates shown are for insured mortgages with a down payment of less than 20%. You may get a different rate if you have a low credit score or a conventional mortgage. Rates may change at any time.

This calculator is provided for general information purposes only. WOWA does not guarantee the accuracy of the information shown and is not responsible for any consequence that arise from the use of the calculator and its results. Any financing products shown are subject to terms and conditions and may not be available in certain regions.