RRSP financing

With RRSP financing, you can:

• Maximize your annual RRSP contribution (example).
• Take advantage of your unused RRSP contribution room from the past few years.
• Make an RRSP contribution even if you don’t have funds set aside.
• Reach your retirement goals.

RRSP loans
RRSP lines of credit
Flex lines
All-In-One Banking

RRSP loans

RRSP contributions requiring an RRSP loan that are received before March 1st, 2010 11:59 p.m. (Eastern time) will be considered contributions for the 2009 taxation year. However, if you are applying for a Garanteed-capital investment (GICs, Linked Notes) and an RRSP loan, you must already have a National Bank account to use the RRSP investment form. If you don't, please visit one of our branch.

Advantages of RRSP loans:

• The preferred rate (variable or fixed) is lower than the personal loan rate and may even be as low as National Bank’s prime rate (check rates).
• Loan terms vary from three months to 10 years.
• Your RRSP loan is granted when you make your RRSP contribution (using the RRSP investment form).
• You can defer repayment (for three or six months).
• Minimum loan amount of $1,000.
• Quick loan approval in most cases.
• Life insurance is available.

Next step :

• Select an investment solution
  
  You can apply for an RRSP loan and make an RRSP contribution at the same time.
  
  You can also apply for a loan without investing. Choose this option if you are only interested in an RRSP loan.

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RRSP line of credit

RRSP line of credit is more flexible than RRSP loans.

• You can repay your RRSP line of credit at your own pace.
• You pay only the loan interest while you wait for your tax refund.
• You can contribute to your RRSP at any time.
• Minimum $5,000
• You can make regular RRSP contributions thanks to National Bank’s systematic investment plan.
• You don’t need to apply for an RRSP loan every year.
• Your interest charges are usually lower than with a regular line of credit (flex line).

To find out more about RRSP lines of credit, contact a National Bank advisor at:

394-5555 (Montreal)
1-888-4-TELNAT (483-5628)

Do you already have an RRSP line of credit? You can contribute to an RRSP right now using
our Internet Banking Solutions.

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Flex lines

In addition to providing the advantages of an RRSP line of credit, National Bank’s flex lines allow you to finance additional projects.

You can sign up for a National Bank flex line:

Thinking about applying for a flex line?
To find out more
Apply online

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All-In-One Banking

• Do you have substantial unused RRSP contribution room?
• Would you like to qualify for the best financing rate?
• Are you looking for a comprehensive and flexible financing solution?
• Would you prefer a leading financial management tool?

National Bank’s All-In-One™ Banking could be the right solution for you. To find out more

™ Trademark of National Bank of Canada

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