Simplii Financial Mortgage Rates

As of April 17th, 2021
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
1.94%$1,684
4-Year Fixed
2.09%$1,713
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 downpayment 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
1.45%$1,590

The rates shown are for insured mortgages with a downpayment 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.

While we try our best to get you the best rates, we cannot guarantee that they are always accurate. WOWA assumes no liability for the accuracy of the information presented, and will not be held responsible for any damages resulting from its use.