RRSP financing

With RRSP financing, you can:

• maximize your annual RRSP contribution (example),
• take advantage of unused RRSP contribution room from the past few years,
• make an RRSP contribution even if you don’t have funds set aside,
• reach your retirement goals.

RRSP loans
RRSP lines of credit
Flex lines
All-In-One Banking^TM

RRSP Loans

RRSP contributions through an RRSP loan, that are received before March 1^st 2011 11:59 p.m. (Eastern time) will be considered contributions for the 2010 taxation year. However, if you are applying for a guaranteed-capital investment (GICs, Linked Notes) and an RRSP loan, you must already have a National Bank account to be able to use the RRSP investment form. If you don't have an account, please visit one of our branches.

Advantages of an RRSP loan:

• the preferred rate (variable or fixed) is lower than the personal loan rate and may even be as low as National Bank’s prime rate (check rates)
• loan terms vary from three months to 10 years
• your RRSP loan is granted when you make your RRSP contribution (using the RRSP investment form)
• you can defer repayment (for three or six months)
• minimum loan amount of $1,000
• quick loan approval in most cases
• life insurance is available.

Next Step

• Select an investment solution
  
  You can apply for an RRSP loan and make an RRSP contribution at the same time.
  
  You can also apply for a loan without investing. Choose this option if all you want is an RRSP loan.

Top of page

RRSP Line-Of-Credit

An RRSP line of credit is more flexible than an RRSP loan.

• Minimum $5,000
• You can contribute to your RRSP at any time.
• You can repay your RRSP line of credit at your own pace.
• You pay interest-only while you wait for your tax refund.
• You can make regular RRSP contributions thanks to National Bank’s systematic investment plan.
• You won't need to apply for an RRSP loan every year.
• Your flex line interest rate is usually lower than the rate on a regular line of credit.

To find out more about RRSP lines of credit, contact a National Bank adviser at:

394-5555 (Montreal)
1-888-4-TELNAT (483-5628)

Already have an RRSP line of credit? You can contribute to an RRSP right now using
our Internet Banking Solutions.

Top of page

Flex Lines

In addition to providing the advantages of an RRSP line of credit, National Bank’s flex lines allow you to finance additional projects.

You can sign up for a National Bank flex line:

Thinking about applying for a flex line? 
Get more information
Apply online

Top of page

All-In-One Banking

• Do you have substantial unused RRSP contribution room?
• Would you like to qualify for the best financing rate?
• Are you looking for a comprehensive and flexible financing solution?
• Would you prefer a leading financial management tool?

National Bank’s All-In-One™ Banking could be the right solution for you. To find out more

™ Trademark of National Bank of Canada

Top of page