RRSP & TFSA Loans
A little short on cash? If you find that you're a little (or maybe even a lot) short of making your annual RRSP or TFSA contribution, then an investment loan could be the ideal solution!
An investment loan at Northern Savings is a fast, easy, and efficient way to take advantage of tax savings. Whether you are looking to maximize your annual contribution, or to catch up on unused contribution room from previous years, Northern Savings has flexible loan features to suit your needs.
Short-Term Loans¹
- Minimum amount $1,000
- Maximum amount $29,210
- 1 year amortization
- Repay whole or part of the loan at any time with no penalty
- Delay payments for up to 90 days
- Fixed rate as low as Prime²
Catch-Up Loans¹
- Minimum amount $5,000
- No maximum amount
- 2-5 year amortization
- Repay whole or part of the loan at any time with no penalty
- Variable rate as low as Prime + 1%²
Related Pages
Where to Invest?
Now that you have your investment loan, where should you invest your money? There are a variety of investments and alternatives, from easy-to-access savings plans to long-term fixed-rate investments.
¹Must qualify as per regular lending criteria.²Rates subject to change without notice.
Loan Payment:
