We’ve created two special RRSP loan products designed to help you either
Make part or all of your annual RRSP contribution, or
Catch up your unused RRSP contributions from past years.
RRSP Re-advanceable Loan
This is our most popular loan for funding annual RRSP contributions. It gives you plenty of flexibility at a low interest rate
Features and benefits
1% less than our prime rate
90-day deferred payment option
Option to use your tax refund as your first payment
Borrow up to your annual contribution limit and pay back the loan over 12 months
Use your RRSP loan to invest in term deposits, mutual funds or products offered by Credential®.
Get your loan in one day on average
Say goodbye to future loan applications and paperwork — when your first loan is approved, it's re-advanceable in future years, so you can just call us, tell us how much you need, and we’ll do the rest
*Prime rate is a variable interest rate we charge our most credit worthy, or prime, customers.
RRSP Catch-Up Loan
Catch-up loans are a great way to top off your RRSP
Features and benefits
Keep your payments affordable by paying off your loan over terms as long as 10 years
Use the catch-up loan if you are making a larger contribution (The minimum is $5,000; please see your account manager to determine the maximum amount you are eligible to borrow.)
Pay competitive interest rates based on your personal situation
Features and benefits
