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Personal Lending
RRSP Loans
 
                   Loan Calculators | LOAN APPLICATION | Line of Credit | Personal Loans
                            RRSP Loans | Home Equity Loan | Loan Rates | Mortgage Rates

Advance Savings Credit Union’s RRSP loans* or lines of credit, with rates as low as prime, provide an opportunity for owners to maximize their RRSP contribution and to take advantage of maximum tax benefits today while providing for their future retirement.

Take advantage of unused carry forward amounts or maximize your yearly contributions by borrowing and taking up to 10 years to repay. A tax refund could be used to pay down loan balances, make next years' contribution early, or just for you to spend - the choice is yours.

Features:

        >> Terms from 12 months to 10 years
        >> Variable or Fixed rates available
        >> 3 year renewal for fixed rate loans
        >> Up to $50,000 available to catch up on unused contribution limits after 1990.
        >> Possible to defer any payments for 120 days so you can pay with your tax refund
        >> Invest in Mutual Funds**
        >> Invest in products available through Advance Savings Credit Union
        >> Credit life insurance and disability insurance available
        >> Minimum payments apply

*Loan is due in full if transfer or redemption of RRSP is requested.
*Fixed deposits remain for the duration of the term following repayment of the loan.
*All lending is subject to credit approval within normal credit guidelines.
**Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, cash balance, 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. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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