Loans for RRSPS, TFSAS And Investments
SSQ Financial Group offers loan programs for investment in RRSPs, TFSAs or Non-Registered Savings Plans (NRSPs) with various reputable lending institutions like:
- B2B Bank
An RRSP loan means borrowing money to invest in an RRSP. Such a loan enables your clients to maximize the benefits of RRSPs and increase their savings for retirement.
RRSP Loan - B2B Bank
Whatever your clients' situation, the RRSP loan from B2B Bank offers a solution to meet their needs.
SSQ RRSP Loan
Amount of Loan
- Minimum: $2,000
- Maximum: $50,000
The repayment period must not exceed the next whole number following the amount of the loan divided by $2,000.
For example, the repayment period on a $6,500 loan must not exceed 4 years.
$6,500 / $2,000 = 3.25, or 4 years maximum.
The loan is repaid by monthly pre-authorized debit payments.There is no penalty if the loan is repaid in full or in part at any time.
Deferred Initial Payment
Your clients may choose to defer their initial payment up to:
- 3 months (minimum repayment period of one year)
- 6 months (minimum repayment period of 2 years)
|Repayment period||Variable rate|
|3 and 6 months||Prime rate + 1.25%|
|12 and 24 months||Prime rate + 1.25%|
|3 to 5 years||Prime rate + 2.25%|
|6 to 10 years||Prime rate + 3.25%|
With a TFSA loan, you can build a savings strategy for your clients, whether it's for retirement or another project they hold dear.
TFSA Loan - B2B Bank
With B2B Bank's TFSA Loan Program, your clients can reap all the benefits of a TFSA, including tax-free savings.
The investment loan is a strategy that uses the concept of leverage effect. Leverage effect consists of borrowing money to invest and thus earn a return on the amount borrowed from financial institutions.
Investment Loan - B2B Bank
B2B Bank developed an investment loan program to help you address the needs of your clients.
SSQ Investment Loan
- 100% loan (without an initial capital amount)
- 3 for 1 loan, where the client must invest an amount equal to one third of the borrowed amount
Amount of Loan
- 100% Loan: from $10,000 to $100,000
Loans of $75,000 to $100,000 are only permitted for investment in SSQ Equity GIA
- 3 for 1 loan: from $10,000 to $150,000
The loan is repaid by monthly pre-authorized debit payments.
Your client may decide to repay the interest only or the capital and interest.
|Amount of loan||100 % Loan||3 for 1 Loan|
|$10,000 to $24,999||Prime rate + 2.25%||Prime rate + 1.75%|
|$25,000 to $100,000||Prime rate + 2%||Prime rate + 1.5%|
|$100,000 to $150,000||Not available||Prime rate + 1.5%|