An RRSP loan is a fixed or variable rate credit up to 15 years against unused funds in your RRSP.
To get an RRSP loan, a client should:
- book an appointment with a representative of BMO
- bring to the branch the following documents (ID document with a photo, regular income documents)
- Bank of Montreal Harris estimates the loan parameters
- receive the funds
You can use the RRSP calculator BMO at the link.
If you have additional questions, please call on 1-877-225-5266.