RRSP loan
Make the most of your RRSP.
What it is
A loan you can use to maximize your annual RRSP contribution
Borrow
No minimum
Best part
Save on taxes and get lower rates
Why borrow for your RRSP?
Reach your investment goals
Benefit from tax-deferred growth within your RRSP. You could get a tax refund you can use to invest further.
Save on taxes
Use RRSP contributions to lower your taxable income this year. With great rates, you may pay a little in interest to save a lot on taxes.
Save on interest
Borrow from Vancity Prime+0.25% when you use your RRSP Loan to invest with us.
Vancity Prime Rate: 4.45%¹
As at 2025-10-30
RRSP loan options.
| RRSP re-advanceable | RRSP top-up | |
|---|---|---|
| This is for you if… | You want to fund RRSP contributions every year without having to re-apply for an RRSP loan | You want a one-time top-up loan to catch up on unused RRSP contributions from previous years |
| Loan length | 12 months | Up to 120 months |
| Minimum | None | $5,000 for terms up to 84 months $15,000 for terms from 85 to 120 months |
| Maximum | Up to your annual contribution limit for this year | Up to your total unused contributions from previous years³ |
Rate Factors like creditor protection may contribute to a more favorable interest rate.⁴ | As low as Vancity Prime¹ minus 0.25%² | As low as Vancity Prime¹ minus 0.25%² |
| Payments | First payment may be deferred up to 90 days after advance You can use your tax refund as first payment Loan is repayable at any time without penalty | First payment may be deferred up to 90 days after the advance Loan is repayable at any time without penalty |
Creditor Protection Available Creditor Protection is available to protect your loan and investment in the event of illness, disability or loss of life.⁴ |  | |
How to apply.
Talk to us
Chat with an Account Manager or Lending Specialist. We’ll answer your questions and help you move forward with confidence.
Or, meet with an investment professional about more ways to manage your RRSP.
Explore your options
We’ll look at different ways to reach your goal and help you on your path forward. We may even uncover something more favourable than what you came in for.
Provide application documents
Once we find the right solution for you, we’ll put together the application and handle the rest for you.
Sign for your loan
If you’re an existing member, you can sign virtually. If you’re new, we’ll set up a time for you to visit a branch.
Get started.
To talk through your questions or start your application, book an in-person or phone appointment with us.
More to explore.
RRSPs and how to open one
Why everyone needs an estate plan
The Vancity Prime rate represents a variable rate of interest announced by Vancity from time to time as its Prime Lending Rate and Prime rate for interest earned on select accounts. Rate subject to change without notice.
The annual percentage rate (APR) is compounded monthly, not in advance, APR assumes no fees or charges apply. If additional fees and/or charges apply, the total Cost of Credit and APR would increase. This product, its features and advertised interest rates may change at any time and may be withdrawn by Vancity at any time for any reason without prior notice to the member.
Applications and the amount you can borrow are subject to meeting Vancity’s usual credit criteria.
Creditor protection is optional and voluntary, designed to help safeguard your loan and ensure your investment goals stay on track even through life’s unexpected events like illness, disability, or loss of life. Factors like creditor protection may contribute to a more favorable interest rate. Talk to your advisor about the coverage benefits of protecting your RRSP loan today. Review the applicable Creditor Protection Product guide for full details on coverages, exclusions and limitations plus any other applicable disclosures.