Which Loan Types Are Available
- RSP loans: Variable-rate loans without limits on unused contribution room, amortized up to 10 years, with approval often within seconds and funds usually available the next business day.
- TFSA loans: Lending solutions starting at $5,000, flexible term lengths from 1 to 10 years, with proceeds deposited directly into a B2B Bank Dealer Services TFSA.
- Investment loans: Traditional borrowing options for investment purposes, also available through the same online application process.
The Online Application Process (EASE)
- Access and start: Advisors log into the secure EASE portal, register if necessary, and begin a “New Loan” application by selecting the appropriate loan program.
- Complete and submit: Fill in all required fields, print the application for client signature, then submit electronically for credit review.
- Receive response: Application status—such as Under Credit Review or Conditional Approval—is received within seconds or via email/fax shortly thereafter.
What Happens Next
- After approval: Advisors forward the signed application along with supporting documents to B2B Bank for funding.
- Typical funding timelines: RSP loans may be funded within one business day; other loan types follow standard processing procedures.
Why Choose the Online Approach
- Speed: Real-time status updates and instantaneous submission streamline the lending process.
- Convenience: Digital submission, save-and-resume features, and minimal paperwork enhance efficiency.
- Flexibility: Multiple loan types supported through one portal, offering options for RSP, TFSA, and investment needs.