An RRSP Loan can help you keep your retirement savings plan on track and grow their savings through the power of compounding.
RRSP Loan features
· The maximum RRSP Loan amount has increased to $21,000.
· Loan terms of 12 to 24 months are available.2
· Flexible payment options – clients can select a 90-day payment deferral for a loan with a 12-month term and use their tax refund to repay the loan without penalty.
· A competitive rate of Prime + 1.00%.* · Applications are submitted online using BankLink, our online application and client information tool.
· A wide range of investment options:
· Manulife Bank GICs and Registered Advantage Accounts
· Manulife Investments GICs
· Manulife segregated fund contracts
· Manulife Mutual Fund accounts
· Manulife AIC Fund accounts
· Manulife Securities nominee name and Freedom Accounts
· Manulife Securities client name accounts (EPL, AIC, TML, PHN and RBF funds)
Please call your financial advisor for details.