RRSP Loans

Do you want to increase your tax refund? Do you want to save enough to live your “dream retirement life”? Do you want to invest but still have funds for fun right now?

An RRSP Loan might be the answer for you!

With multiple options available through our RRSP Loan Program you can borrow enough to “catch up” on your contribution limit from previous years, you can borrow once to contribute this year, or you can apply now and use year after year without having to reapply.
Contact one of your lending representatives today to discuss which option is right for you.

Get The Facts...

A Registered Retirement Savings Plan (RRSP) loan provides the borrower with funds to contribute to a retirement plan for the future. It provides financing to fund up to the current year allowable contribution amount determined by Revenue Canada (Tip: find this amount on your current notice of assessment)

RRSP Take 10 Loan

  • Your “catch up” loan with terms up to 10 years allowing you to borrow a larger amount to catch up on your contribution limit
  • No prepayment penalty
  • Loan Insurance is available

RRSP Quick Loan

  • Revolves on a continuing basis, apply once and use year after year!
  • Pre-approved amount can be advanced yearly
  • After initial loan approval funds can be advanced without coming into the branch – contact us via phone call or email!

RRSP Demand Loan

  • The Demand Loan offers you an option to use an RRSP Loan for one year only. It is intended to provide funds for the current years contribution limit, not to be used on a yearly basis.


Note: The RRSP deposit must remain on deposit with Radius Credit Union to receive full benefits of the RRSP Loan Program. If the RRSP is transferred or withdrawn the loan immediately becomes due and payable in full.