kick-start your retirement savings with an RRSP loan

RRSP loans are a pretty wonderful thing. You take out a loan at one of our great low rates (as low as prime!), we then deposit it directly into an RRSP account and boom! You’re making some serious interest and preparing for your retirement in no time.


  • Borrow up to $25,000 and pay back over 10 years
  • Flexible payment options
  • No pre-payment penalties

If you’re ready to get started on your RRSP loan, book an appointment with your local branch and choose the best time for you.



So, first thing’s first, what’s an RRSP?


A Registered Retirement Savings Plan (RRSP) is a government-approved plan through which you save money for your retirement years. It is also the single biggest tax break available to Canadians.

For more information on RRSPs themselves, make sure to check out the investment section of our website.


Why should I borrow money just to invest it again?


Great question! There are a couple of ways an RRSP loan can come in handy. First, one of the best ways to make sure you have enough funds set aside for your retirement is by ensuring that you are maximizing your RRSP contribution each year. Sounds pretty straightforward, right? Unfortunately, coming up with the money for your annual contribution isn’t always easy.


Also, if you were a little late in starting to contribute to your RRSPs or if you haven’t made your maximum contribution in previous years, you’ve probably got a little bit of catching up to do in order to use up any left over-contribution room in order to maximize your savings.


An RRSP loan can help you do just that. Available up to $25,000, our RRSP loans have flexible payment options and can be amortized over terms of up to 10 years. Our competitive rates also make an RRSP loan an affordable option to help you maximize your RRSP investment.


Get your RRSP loan


The sooner you start investing in an RRSP, the more money you’ll earn in interest for your retirement. Talk to one of our lending associates to see if an RRSP loan is right for you.


Don’t miss out. The sooner you start investing in an RRSP, the more money you’ll earn in interest for your retirement! Book your appointment today.

have questions?

Help HQ is here to, well, help! Give us a call at 1.833.378.6682 or start a chat session below!

Help HQ staff are available during the following hours:

Monday – Friday: 8:30 am – 6:00 pm

Saturday: 8:30 am – 4:00 pm


Sunday: Closed

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