RRSP Loan Program

HOME OF THE "NO HASSLES" RRSP LOAN!

• All RRSP loan programs are offered 12 months a year.
• RRSP top up loan - up to 10 year terms available. Interest rates will vary and financial approval is required.
• Loan amounts range from minimum $1000 to No Maximum.
• We offer flexible RRSP loan programs through various suppliers

LOAN OPTIONS

1. Contribution Loan:

• For clients who want to make their current-year RSP contribution, but lack sufficient disposable income
• $1,000 minimum, no maximum
• Terms of one year, 18 months or two years

2. Top Up Loan:

• For clients who have contributed regularly to their RSP and want to make their maximum allowable contribution
• $2,500 minimum, no maximum
• Terms of three to five years
• VARIED OPTIONS AND INTEREST RATES

3. Maximizer Loan:

• For clients who have previous unused RSP contribution amounts and want to maximize their contribution
• $5,000 minimum, no maximum
• Terms of six to 10 years
• VARIED OPTIONS AND INTEREST RATES

M.R.S. Prime as of Jan. 6, 2011 ------------ 3.00% Term Interest 1-2 year Prime 3-5 year   Prime + 1.25% 6-10 year    Prime + 1.75%

Click here for an RRSP Loan Calculator

 

Payments:
Payments generally start 30 days after you apply for the loan.
(you can request payment deferral for up to 6 months).

**If you previously defaulted on an RRSP Loan with our carrier, you will not be eligible for a new loan.
Prime” is the prime rate in effect for MRS Trust as of the effective date of the loan.
Loan Interest will accrue from the effective date of the loan.

The MRS Trust prime interest rate is variable, therefore, it is subject to change during the life of the loan. Rates may also vary based on the applicants details and credit history.

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