RRSP Line of Credit
Making an annual RRSP contribution is as easy as transferring the funds from a pre-arranged line-of-credit. It’s a convenient option for people who make annual contributions by borrowing, or who want to maximize this year's contribution or take advantage of unused carry-forward amounts.
Benefits:
- Apply only once
- Rates as low as prime
- Lump sum repayment available
- Easy phone call authorizes transfer
- Make extra payments anytime, without penalty
- Payment only 3% of outstanding loan balance
Features:
- Limits available to $30,000
- Available to purchase Venture Credit Union Limited RRSP products
*All lending is subject to credit approval within normal credit guidelines.