RRSP loan
This loan is a good choice if you want to contribute to your registered retirement savings plan (RRSP) and know you can pay back the loan quickly.
Not a member? Schedule a call to book an appointment.
Reasons to get an RRSP loan
An RRSP loan lets you borrow funds so you can maximize your contributions to your RRSP. Your RRSP investment income grows tax-free and you can use your tax refund to pay down your loan.
Benefits of an RRSP loan
Interest rate
Lower than on a personal loan
Flexible payments
Choose the frequency and method of payment
Deferred payment
Defer your payments for up to 6 months during RRSP season
Features
Amount available
No maximum amount
Interest rate
Variable or fixed rate
Term
Up to 10 years, depending on amount requested
Repayment
- Make a payment every week, every 2 weeks or every month.
- Defer your payments for up to 6 months during RRSP season.
- Pay off your loan in part or in full, at any time, without penalty.
Annual interest rate
Rates on ${currentDate}
Fixed rate
| Term | Interest rate |
|---|---|
| 1 year | 6.05% |
| 2 years | 6.15% |
| 3 years | 6.25% |
| 4 years | 6.35% |
| 5 years | 6.45% |
| 6 years | 6.65% |
| 7 years | 6.85% |
| 8 years | 7.05% |
| 9 years | 7.25% |
| 10 years | 7.45% |
Variable rate
| Term | Interest rate |
|---|---|
| 1 year | 5.95% |
| 2 years | 6.05% |
| 3 years | 6.15% |
| 4 years | 6.25% |
| 5 years | 6.35% |
| 6 years | 6.55% |
| 7 years | 6.75% |
| 8 years | 6.95% |
| 9 years | 7.15% |
| 10 years | 7.35% |
Book an appointment to apply for an RRSP loan
By phone
Montreal area:
514-224-7737 This link opens your phone app. (514-CAISSES)
Elsewhere in Canada and the US:
1-800-224-7737 This link opens your phone app. (1-800-CAISSES)
We can also call you when it’s convenient.
Other tax-sheltered savings options
RRSP
Save for retirement and reduce your taxable income by contributing to an RRSP.
FHSA loan
Borrow funds so you can contribute to your first home savings account (FHSA).