RRSP Loans

*RRSP loans, with rates as low as prime + 1.00%, provides an opportunity for members to maximize their RRSP contribution and to take advantage of maximum tax benefits today while providing for their future retirement.

Take advantage of unused carry-forward amounts or maximize your yearly contributions by borrowing and taking up to 10 years to repay.  Tax refunds can be used to pay down the loan balance, make next year's contribution early, or just for you to spend -- the choice is yours.


  • Loan amortization up to 10 years.
  • Invest in products available through North Sydney Credit Union 
  • Credit life, disability, and critical illness insurance available to protect your investment.
  • Minimum payments of $100.00 per month apply.

*Loan is due in full if transfer or redemption of RRSP is requested.

*Fixed deposits remain for the duration of the term following repayment of the loan.

*All lending is subject to credit approval within normal credit guidelines.

Apply Now