RRSP LOAN

The loan that takes you further

You understand the importance of investing in your RRSP and that skipping a year can have serious consequences for your retirement goals, or you want to make the most of your unused RRSP contribution room . . . but you do not have enough money to make that happen?

Borrowing to contribute to your RRSP with our RRSP loans can be quite an effective strategy when you apply your tax refund to your loan.

Features

  RRSP Loan RRSP Loan Unused Contribution Room
Rate type Fixed or variable Fixed or variable
Term 1 to 5 years if fixed
1 to 2 years if variable
1 to 5 years if fixed
1 to 2 years if variable
Amortization 5 years max 10 years max
Repayment frequency Weekly
Biweekly
Monthly
Weekly
Biweekly
Monthly
Ability to repay in part or in full without penalty

 

The Versatile Line of Credit could also be the perfect tool for investing. Ask your advisor for details.

See our rates