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Desjardins RRSP loan (over $12,500)

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.² 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 5.00%1 and 6.65%1 (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 the loan's purpose (e.g., contributing 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 (Members)	Fill out the form
	At the caisse	Make an appointment with a caisse advisor: online by phone
		Documents to bring to your meeting

1. In Ontario, the annual percentage rate (APR) is equal to the posted interest rate, assuming that there are no additional charges applicable to the loan. Should there be such charges, the APR might be different.
2. 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.