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Desjardins RRSP loan (over $12,500)

Quick facts

  • 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

Who should get this loan?

Borrowers who want to contribute to an RRSP to benefit from tax deductions and who will be able to repay the loan soon.1 This type of borrowing to invest can be a wise choice for tax payers who will receive an income tax refund promptly since they can use it to quickly reduce their loan.

Interest rate
  • Fixed or variable rate between 4.95% and 7.09% (lower than the rate on a personal loan).
  • You can switch from a variable rate to a fixed rate, and vice-versa, at any time. See current rates.
Amount available
$12,501 or more.
Repayment
  • Loan payment frequency is flexible: weekly, bi-weekly or monthly.
  • Option to only pay the interest on the loan during RRSP season.
  • No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees.
Loan term
Your caisse may agree to a longer term depending on your use of the loan (e.g., your unused RRSP contribution room) and, in some cases, on the collateral provided.
Other
Loan insurance (death and disability) available.
See Loan Insurance.

Compare the RRSP loan with Accord D RRSP financing


Online Online
(Members)
By phone By phone
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:
Documents to bring to your meeting

  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.

Interest rate

RRSP loan (over $12,500)
As of November 21, 2009
Term
Rate
1 year
4.95%
5 years
7.09%
Other rates - RRSP loan

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