RRSP Line of Credit

A pre-arranged line of credit is a convenient option if you borrow to make annual contributions, want to maximize this year’s contribution, or want to take advantage of unused carry-forward amounts.

FEATURES:

  • Apply only once
  • Competitive Rates
  • Lump sum repayment option available
  • Payments are only 3% of outstanding loan balance
  • Make extra payments anytime, without penalty
  • Easy phone call authorizes transfer
  • Limits available up to $30,000
  • Credit life and disability insurance available
  • Option of investing in Mutual Funds**

All lending is subject to credit approval within normal credit guidelines.

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*Mutual funds and financial planning are offered through Credential Asset Management Inc. Commissions, training commissions, management fees, and expenses all may be associated with mutual fund investments and the use of an asset allocation service.  Please read the prospectus of the mutual funds in which investment may be made under the asset allocation service before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Credential Asset Management Inc. is a subsidiary of Aviso Wealth Inc. and is used under license.
 

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