RRSP Loans
Quick Loan
Maximize your retirement savings and cut your taxes by topping up your RRSPs.
Apply just once and your revolving loan is pre-approved every year.
- loan is at Prime + 1% all year
- repay over 12 months
- repay at any time without penalty
- no loan application fee
- available with all RRSP eligible investments offered by Affinity Credit Union, Credential Financial Strategies Inc., Credential Securities Inc. and Credential Asset Management Inc.
Take Ten RRSP Loan
Take full advantage of your maximum RRSP contribution limit. Borrow the money now and take from 13 months to 10 years to pay it back.
- choose from either a floating rate at Prime +1% or fixed rate at Prime +2%
- minimum loan amount $5,000
- minimum monthly payment $100
- repay at any time, without penalty
- Financial Insurance Protection (links to FIP) is required.
Restrictions will exist with some types of RRSPs.
Credential Financial Strategies Inc. is a member company under Credential Financial Inc., offering financial planning, life insurance and investments to members of credit unions and their communities. Mutual funds are offered through Credential Asset Management Inc. and mutual funds and other securities are offered through Credential Securities Inc. Credential Securities Inc. is a Member Canadian Investor Protection Fund. ®Credential is a registered mark owned by Credential Financial Inc. and is used under licence.
Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.