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.