RRSP Loan FAQs

What payment options are available?

Flexible payment options are available. You can choose from weekly to monthly payment dates. The chart below outlines all of your payment date options:

Can I repay my RRSP loan without penalty?

Yes, RRSP loans can be paid off at any time without penalty - no payout fee and no minimum interest charge.

Can I transfer-in my existing RRSP loans into one?

Yes, you can combine your existing RRSP loans held on the same plan with the same borrower/co-borrower combination.

Can I extend my existing RRSP loan?

Yes, you can extend your existing RRSP loans to a maximum of ten years from the original funding date.

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