RRSP Loans

Now available for both RRSP’s and TFSA’s

RRSP Contribution Deadline was March 1, 2022

One of the most convenient ways you can take full advantage of your annual RRSP contribution limit is to take out a Grand Forks Credit Union RRSP/TFSA loan.

Right now we are offering these loans as low as prime, which means that borrowing for your RRSP or TFSA can be a very smart move. In the case of an RRSP, your investment can both lower your tax bill and earn you a return if properly managed. Borrowing at prime means that a quality investment can more than cancel out any interest paid on this loan, and in a TFSA your investment earnings will grow tax free.

  • Rates as low as Prime*

  • Payback over 12 months

  • Optional 90 day payment deferral

  • Loans from $1000 and up**

* Loans at prime must carry selected creditor insurance
** Loans cannot exceed an individuals contribution limit for TFSA’s, and cannot exceed $26,010 for RRSP’s