RRSP Loans

f you’re like most advisors, you probably have a handful of very disciplined clients who contribute regularly to their RRSPs. But it’s also likely that you have a few clients who don’t. Or perhaps they do, but need some assistance in maximizing their contributions.

For these individuals, an RRSP loan may be the ideal solution. B2B Trust offers a number of advantages in the form of value, choice and ease.

VALUE:

Competitive pricing: one or two-year variable rate loans at Prime
Fast funding on approved loans: within one business day of receiving original documentation
Loan consolidation: amalgamate all of your clients’ RRSP assets and loans

CHOICE:

Fixed¹ or variable rate loans: your clients choose the product that best suits their needs
Flexible terms: one to ten-year amortizations can make payments more affordable
No maximum loan amount: great for clients with unused contribution room

EASE:

Fast online adjudication: credit decisions within seconds through EASE²
Deferral payment option: first payment deferral of up to 6 months

Proceeds from an RRSP loan can be deposited to a self-directed RRSP or an RRSP GIC at B2B Trust. We make it easy for your clients to choose either option. Our RRSP loans can be prepaid at any time without penalty, so if your clients wish to make lump sum principal repayments, great! We’ll even reduce the amortization period and/or adjust the monthly payment to reflect the new outstanding amount.

Don’t forget, your clients can also take advantage of preferred rates through our distribution alliance RRSP loan program.

¹Fixed rate loans are available with terms of 1 or 2 years.

²On loans up to $19,000 for terms of 1 or 2 years.

At Your Fingertips:

Getting Started: Investment and RRSP Loans
Forms: Forms
Rates: Lending Rates
Samples applications: Sample RRSP Loan Application
Workflows: RRSP Loan Workflow
Others: Loans FAQ Library of Marketing Material