RRSP Loan Program

Video: How to Save for Retirement 

We understand that charting a long-term financial plan is a priority. Thus, Ventum Financial s is offering it's clients a lending solution that can help build your wealth and ensure sufficient savings for the future.

 

Feature           

• Simplified pricing: Pricing is based on the term selected, not the loan amount.
• Choice of product: Cients can choose between a variable or fixed rate.
• Flexible terms: ​Choose a one or two-year fixed rate loan or a variable rate loan with a term between one and ten years.
• Deferral payment options: Clients can defer their first payment for up to 180 days.
• Easy phone application: Approval within 24 Hrs, providing you qualify
• Multiple funding options: Proceeds from a single RSP loan can be invested in an RSP, RESP, or any combination thereof (up to a maximum of three accounts).
  

 

RRSP Loan Benefits

• Low minimum RSP loan amounts across all terms. There is no cap on the loan amount.
• Fixed payment schedule, making the loan attractive for catching-up on unused contributions from previous years.
• All or part of a loan can be repaid at any time without penalty.
• Terms to suit your needs, amortized over up to 10 years.

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The loan program has made it possible for hundreds of clients to access funding so start investing now.

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​Did you know?

• Interest rates on RRSP loans are NOT tax deductible.
• 62 percent of Canadians have investments set aside for the future.
• 55 percent have investments in a registered retirement savings plan, a registered retirement income fund or a pension plan.
• 21 percent have investments in a tax-free savings account, and an equal number have investments outside of these plans.
• 38 percent Canadians do not have any investments set aside for the future (Source:Financial Consumer Agency of Canada)