TAKE TEN RRSP Loan

Did you miss your RRSP contribution last year, or maybe the last two years? This is the product for you.

Who’s eligible?

Any member, assuming credit approval.

Rates and Costs

The rate is variable*, and you set it up when you agree to the loan. At the least, it will be equal to or close to prime.

In most cases, there are no subsequent fees.

Term

You can take up to 10 years to pay back the loan, meaning it’s very easy on your cash flow..

Payments

There is a minimum payment of $100 per month. However, complete repayment may be made at any time, without penalty.

Insurance

Life insurance coverage is mandatory. We strongly recommend that you also purchase disability insurance.

*Fixed rates may be offered on this product on a promotional basis.