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Borrow to contribute to an RRSP

Our RRSP loans help you increase your annual RRSP contribution or cover you if you're temporarily short of cash at RRSP time.

Not contributing one year can have a real impact on your retirement income objectives. Borrowing to contribute to your RRSP1 might be a better plan. Your tax savings and investment earnings that accumulate on a tax-deferred basis compensate for the real cost of the loan.

Did you know?

To avoid borrowing next year, consider a Regular Instalment RRSP which allows you to contribute throughout the year.

Which loan is best for you?

Desjardins RRSP loan
Borrow amounts of over $12,500 at a better rate than a personal loan. Ideal if you plan to repay your loan quickly.
  • Main feature: low interest rate for a loan to invest in your RRSP
  • Interest rate: fixed or variable rate between 4.95% and 7.09% depending on term
  • Loan term: 1 to 5 years
  • Payment schedule: weekly, bi-weekly or monthly

Find out more

See Desjardins RRSP loan (over $12,500).

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Accord D RRSP financing
Accord D RRSP financing2 is available online and at the caisse at highly attractive rates.
  • Main feature: available in just a few minutes through AccèsD Internet and Telephone services
  • Interest rate: fixed, between 4.95% and 7.09%, depending on the term
  • Repayment period: 1 to 5 years, with the option of deferring principal payments for a 6-month period, until you get your income tax refund (if you are eligible for such a refund). 10-year term available for you unused contribution room, in caisse only.

Find out more

See Accord D RRSP financing.

Get this product online

2. Subject to approval of the Desjardins Card Services credit department.

Unused contribution room RRSP loan
If you haven't made the maximum allowable RRSP contributions each year, the difference has been carried forward since 1991 as unused contribution room, which you can use to contribute at any time.

The unused contribution room RRSP loan allows you to borrow at an advantageous rate. You can repay it over a 10-year period.

  • Main feature: excellent choice for tax payers in the highest income tax bracket who will be able to pay off the loan quickly
  • Interest rate: same as an RRSP loan
  • Terms: 1 to 10 years
  • Payment schedules: weekly, bi-weekly or monthly

Find out more

See Unused contribution room RRSP loan.

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Multiproject Option
Lets you re-borrow money already paid on your mortgage to make RRSP contributions.
  • Main feature: may be used as often as you like, without any legal fees or other fees
  • Interest rate: equal to your current mortgage rate (lower than the rate on a personal loan or line of credit)
  • Repayment: only one periodic payment because it is combined with your mortgage payment

Find out more

See Mortgage loan – Multiproject Option.

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Versatile Line of Credit
Allows the use of home equity to obtain financing at a very attractive rate.
  • Main feature: home equity line of credit for owners of residential properties of 4 units or less
  • Credit limit: minimum $25,000
  • Interest rate: equivalent to 1.0% above prime rate
  • Payment schedule: daily, weekly or monthly

Find out more

See Versatile Line of Credit.

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Would you like to speak to an advisor?
By phone By phone
(Members)
Montreal area: 514-522-2373
Elsewhere in Canada and the U.S.: 1-800-CAISSES (1-800-224-7737)
At the caisse At the caisse
Make an appointment with a caisse advisor:

  1. Borrowing to invest is a leverage opportunity. If the loan amount is invested in investment funds, the risk is even higher. See a Mutual Funds Representative to find out more.