RSP Loan

Get closer to your retirement goals by borrowing money to increase your RSP contribution.

[[RSP.RATE.MAX]]

Interest rate

1-5 years

Term

You can apply for an RSP Loan between November and March

Great rate

A low preferred interest rate that applies when your Loan proceeds are placed and kept in any Tangerine RSP Account(s).

Investment flexibility

The Loan funds will be placed in a Tangerine RSP Savings Account. Keep the money there, or move it to a Tangerine RSP Guaranteed Investment, or a Tangerine RSP Investment Fund Account. You decide.

Affordable payments

Choose a repayment term between 1 and 5 years. You decide what monthly payment is comfortable for you.

No fees

There are no early prepayment penalties.

Term	Rate
1 Year	[[RSP.RATE.1_YEAR]]
2 Year	[[RSP.RATE.2_YEAR]]
3 Year	[[RSP.RATE.3_YEAR]]
4 Year	[[RSP.RATE.4_YEAR]]
5 Year	[[RSP.RATE.5_YEAR]]

Current RSP Loan Rates

Current interest rates as of today's date.

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Join with our app

Become a Client completely digitally with our Mobile Banking app^a. Sign up without leaving your home or having to call us—it’s a fast, convenient and secure mobile experience.

Don’t have our Mobile Banking app^a yet? Download it today, so you can bank easily from anywhere.

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Take a look at our other products

RSP Guaranteed Investment

Protect your retirement savings with the guaranteed growth of a GIC combined with the tax benefits of an RSP.

RSP Investment Funds

Enjoy tax-deferred growth while investing for your retirement.

* Current interest rates as of today's date. 1 year at [[RSP.RATE.1_YEAR]] APR, 2 years at [[RSP.RATE.2_YEAR]] APR, 3 years at [[RSP.RATE.3_YEAR]] APR, 4 years at [[RSP.RATE.4_YEAR]] APR, 5 years at [[RSP.RATE.5_YEAR]] APR. All rates and fees are subject to change. The applicable interest rate will apply when your Loan proceeds are placed and kept in any Tangerine RSP Account(s), otherwise the interest rate will be 8.75% for all terms. Please refer to the Loan Agreement and RSP Loan Addendum for more details. Interest accrues from the funds advance date. The Loan amount is repaid through automatic periodic payments. Additional payments can be made or the entire Loan can be paid off at any time without penalty.

^a Some conditions may apply. Service is subject to availability and successful digital verification.

^b As of August 2024 from the Google Play Store and App Store.

^® Apple is a registered trademark of Apple Inc.

^™ Android is a trademark of Google Inc.