✅Loan terms from 1 to 5 years for fixed rates and up to 2 years for variable rates
✅Repayment options: weekly, bi-weekly, or monthly
✅No penalties for partial or full early repayments
✅Maximize your RRSP tax benefits by applying your tax refund to your loan
Why Do We Recommend the Uni RRSP Loan?
Investing in your RRSP is crucial for securing a comfortable retirement, and skipping contributions can set you back. The Uni RRSP Loan helps ensure you don’t miss out on yearly contributions by providing funds to cover your unused RRSP rights.
By borrowing for your RRSP, you can take full advantage of tax savings. Once you receive your tax refund, you can apply it directly to your loan, reducing your balance faster.
Writer’s Opinion
The Uni RRSP Loan offers an effective way to stay on track with your retirement goals, even when cash flow is tight. For instance, if you borrow $5,000 at a fixed rate of 3.5% for 3 years, your monthly payment would be approximately $146. That’s manageable for many budgets, especially when considering the potential tax benefits of contributing to your RRSP.
For those with unused RRSP contribution room, this loan can help maximize your long-term savings while providing flexibility in how you repay it. Just be sure to keep in mind the risks associated with borrowing to invest.
Act Now: Strengthen Your Retirement Savings
Ready to take the next step in securing your future? Click the button below to learn more about how the Uni RRSP Loan can help you reach your retirement goals. Don’t wait – start planning today!