RRSP LoansAt Community First, we offer flexible RRSP loan options to assist you in making your maximum RRSP contribution. Our RRSP loan options include a quick approval process with a flexible repayment plan. See how an RRSP loan can make financial sense! |
RRSP Loan |
Interest Rate* |
Total Interest Paid on Loan** |
RRSP Term Deposit at Maturity*** |
|
$2,000 |
4.00% |
$44 |
$2,553 |
|
$4,000 |
4.00% |
$87 |
$5,105 |
|
$10,000 |
4.00% |
$218 |
$12,763 |
* Tables are based on an interest rate of 4% for illustrative purposes only.
** Loan term is one year, payments made monthly.
*** Maturity value after 5 years, at 5%, pre-tax. Figures rounded to the nearest dollar.
