RRSP Loans let you contribute to your RRSP when you’re short on cash, or increase your contributions for any reason.
If you receive a Sunrise Credit Union Loan for the purchase of a Sunrise Credit Union RRSP, you may qualify for a special interest rate*. Our expert loan officers can help you get started.
Borrowing to invest could put you ahead if the expected rate of return on your Registered Retirement Savings Plan (RRSP) is higher than the interest rate on your loan. It would also be best to consider your current tax rate and your investment's benefit on your income tax return.
Benefits to an RRSP loan include receiving a higher tax refund, taking advantage of unused contributions, and allowing you to reach your savings objectives more quickly.
Our experts are here to help you find the right loan, rate and repayment schedule for you.
