(Reuters) - Canadian mortgage provider Equitable Group Inc (>> Equitable Group Inc.) said on Wednesday it had added three more banks to a syndicate that would fund its C$2 billion ($1.46 billion) loan commitment.

Subprime mortgage lenders in Canada have been racing to shore up confidence in their model as depositors pulled more money out of rival Home Capital Group Inc's (>> Home Capital Group Inc) high-interest savings accounts.

Lenders have suffered since a securities regulator alleged last month that alternative lender Home Capital hid mortgage broker fraud from investors.

Equitable Group said on Wednesday that the syndicate of lenders supporting its two-year loan commitment now also includes Bank of Montreal (>> Bank of Montreal), Royal Bank of Canada (>> Royal Bank of Canada) and Bank of Nova Scotia (>> Bank of Nova Scotia).

Earlier this week, Equitable Group said it had received a letter of commitment for the C$2 billion secured funding facility from banks including Toronto-Dominion Bank (>> Toronto-Dominion Bank), Canadian Imperial Bank of Commerce (>> Canadian Imperial Bank of Commerce) and National Bank of Canada (>> National Bank of Canada).

Equitable Group's shares were up 1.2 percent at C$46.62 in morning trading.

(Reporting by Arathy S Nair in Bengaluru; Editing by Shounak Dasgupta)