B2B bank provides RRSP loans on the following terms:
- B2B Bank RRSP rates: fixed or variable
- Minimum sum: 2 500 CAD
- Minimum term: 1 year
- Maximum term: 2 years for variable loans and 10 years for ones
- Up to 6 months deferral option
Flexible Term-Based Rates
- Transparent pricing: Interest is determined by loan term rather than amount—making the cost straightforward and predictable.
- Variable-rate options: Available with terms ranging from one to ten years, including a deferred-payment option to accommodate cash flow planning.
- Fixed-rate alternatives: Available for one- and two-year terms for clients who prefer locked-in rates.
Program Accessibility & Application Process
- Advisor-only access: The RRSP loan can only be arranged through licensed financial advisors; B2B Bank acts solely as lender and administrator.
- Online and paper applications: Advisors can submit via the EASE electronic portal or complete traditional paper forms—both routes are supported with efficient processing workflows.
Client Advantages & Operational Features
- No minimum or maximum loan caps: Clients can borrow any amount necessary to meet contribution goals—subject to credit approval.
- No prepayment penalties: Loans can be repaid in part or in whole at any time without extra charges, offering repayment flexibility.
- Fast funding and deposit flexibility: Proceeds are deposited directly into RRSP accounts (e.g., Dealer Services RRSP or RRSP-GIC) upon approval.
Reliable Lending Model
- B2B Bank’s RRSP Loan Program delivers a streamlined advisor workflow through the EASE system, supporting quick application, credit approval, and funding—all while maintaining advisor–client service efficiency.