Loans

A temporary financial boost

A loan can help you achieve your financial goals, whether it's a new purchase or to help advance your retirement savings. We can also help you manage your debt by refinancing loans from other institutions so you have one simple payment.

Personal Loans

Whether it's a new kitchen, new car, your dream vacation or an unexpected expense, we can help you fund it with a personal loan.

Six months to seven years, with longer amortization available, depending on your needs
Choose from a fixed or variable interest rate
Leverage the equity you've built up in your home to qualify for a preferred rate
Choose from weekly, bi-weekly, semi-monthly or monthly payments
Make payments with convenient pre-authorized debit direct from your account
Make a full or partial pre-payment at any time without penalty
Optional creditor insurance available***

RRSP Loans

Looking to max out or increase your RRSP contribution at the last minute? While the best RRSP strategy is to contribute monthly, it's not always possible. With an RRSP loan, you can increase your contribution or ensure you don't miss a year. And then pay off the loan with your tax refund!

You can also borrow enough to take advantage of unused contribution room from previous years and get an even bigger tax break.

If you take out an RRSP loan, contribute before the deadline and file your taxes fast; your refund can be directly applied to pay down your loan. It's also a good idea to set a fixed payment schedule to pay down the loan as quickly as possible.

The goal is to get your money into your RRSP, earning a solid return, and maximizing the tax benefit. The faster you pay off what you owe, the less you pay in interest.

The higher your tax bracket, the more you should consider the benefits of taking out an RRSP loan, particularly if you have substantial contribution room available from previous years. If you take out a loan in February and you don't owe any tax, your RRSP contribution will account for your entire refund. If you immediately put it towards the loan, the balance can be paid off monthly before RRSP season rolls around again.