RRSP loans



Replenish your retirement savings and get instant tax benefits

Catch-up RRSP loan

Boost your Registered Retirement Savings Plan with an RRSP loan

Get your retirement savings on track with a loan that offers low interest rates, extra payment options, and an annual cash rebate. Plus, take advantage of the 60 day payment deferral option and push off your first payment until you receive your tax refund.


  • Flexible options
    • Interest rate
      Save more with a competitive variable interest rate
    • Terms for catch-up loans
      1 to 5 year terms available based on the total loan amount and your financial situation
    • Available all year
      RRSP loans are available throughout the year
    • Payment frequency
      Monthly, semi-monthly, bi-weekly, and weekly payment plans available
  • Features
    • 60 day payment deferral option
      Delay your first loan payment until you receive your tax refund
    • Lower interest rates
      Get competitive interest rates so you can save more for your future
    • Easy approval process
      Fill out an application and get approved quickly
    • Receive an annual cash rebate
      Earn cash on interest paid during the previous calendar year through memberSHARE*


*memberSHARE Loyalty Program dividend, bonus and rebate percentages are announced annually and payment is not guaranteed. A $5 minimum payment per account is required to receive payment.


Re-advanceable RRSP loan

Stay on track — apply once and simply re-borrow each year

Save for your future with an RRSP loan that offers low interest rates, extra payment options, and an annual cash rebate. Plus, take advantage of the 60 day payment deferral option every year and push off your first payment until you receive your tax refund.


  • Flexible options
    • Interest rate
      Save more with a competitive variable interest rate
    • Terms for re-advanceable RRSP loans
      Available for up to one year based on the total loan amount and your financial situation
    • Available all year
      RRSP loans are available throughout the year
    • Payment frequency
      Monthly, semi-monthly, bi-weekly, and weekly payment plans available
  • ​Features
    • Lower interest rates
      Get competitive interest rates so you can save more for your future
    • Easy approval process
      Get approved instantly, then simply re-advance each year by phone, email, or in person
    • 60 day payment deferral option
      ​Delay your first loan payment until you receive your tax refund
    • Receive an annual cash rebate
      Earn cash on interest paid during the previous calendar year through memberSHARE*

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More RRSP loan features

memberSHARE
Loyalty Program

Eligible for annual product bundle payments and cash rebates on loan interest*
Made to fitPayment amounts and frequency tailored to your budget and lifestyle
Pay your loan off fasterUse your tax refund to pay down your RRSP loan
Payment protectionGet insurance to cover your payments in case of the unexpected

Apply now Book an appointment

*memberSHARE Loyalty Program dividend, bonus and rebate percentages are announced annually and payment is not guaranteed. A $5 minimum payment per account is required to receive payment.


memberSHARE eligible

Earn when you borrow
Loans are memberSHARE eligible. Earn cash bonuses every year when you bundle qualifying products.

"I got over $250 this year just for doing my banking at ACU."

- Rochelle B.

Loan calculator

Use the loan calculator to determine how much you can borrow and to estimate your monthly payments.


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Borrowing tips

When to choose a loan

You want a structured plan with set monthly payments. Get funds to make a one-time large purchase, or catch up on your RRSP contributions. Consider a loan if you want to:

  • Fund a large purchase
  • Pay for a one-time unexpected expense
  • Contribute to your RRSPs and save on taxes


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Borrowing tips

When to choose a line of credit

You want ongoing access to money and the freedom to withdraw and deposit funds as you go. Consider a line of credit if you want to:

  • Get ongoing access to your money
  • Prepare for unexpected expenses
  • Pay interest only on the money you use


Centra Gold Mastercard

Earn points toward travel, merchandise, and gift cards for your everyday purchases

Earn 1 point for every $1 spent on everyday purchases with this low-fee, low interest card.


Choose Aldergrove Credit Union

Earn cash back

Earn bonuses and rebates on products, plus dividends on equity shares paid annually.

3,600+ ATMs

Access your money across Canada with over 3,600 free ATMs and six local branches.

Digital banking tools

Budget, bank and learn using online and mobile banking solutions 24/7.

No-limit banking

Get excited to save and spend with affordable account options including unlimited transactions.

How to reach us

Email

Send us an email and get a response within one business day.

Call

Monday - Friday
8:30 am - 5 pm
Saturday 8:30 am - 3 pm

Meet with us

Book an appointment with a
Financial Advisor.

Visit a branch

Stop by any branch and we promise you’ll get a smile.

Payment protection coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Coverage is governed by the terms and conditions of the creditor group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements.

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