Envision Financial

RSP Catch-up Loan

This loan is for you if:

  • you can't afford to make RSP contributions just yet but you want to get the jump on your retirement plans.
  • you need to get that added tax break.
  • you want get a RSP now for a down payment on a house later.

3.20%Loan rate*
(as low as)

90day
deferral
feature**

Overview

Key Features & Benefits

  • Loan amount range: up to $50,000
  • Loan term range: 0-60 months
  • Amortize for up to 15 years
  • Defer your first payment for 90 days*
  • Quick approval
  • Flexible payment options
  • No prepayment penalties

Here's how it works

  1. Apply online today
  2. Your application will be sent to your local Envision branch
  3. One of our account managers will contact you to discuss the details
  4. You'll need to come in and sign some paperwork
  5. You'll receive your money - quick and simple!

Protection

Types of Protection

Loan life insurance

  • Pays the outstanding insured balance of your loan(s), up to $90,000, should you die
  • Benefits are paid directly to Envision Financial, ensuring there are no tax implications for your family
  • Available to anyone (up to age 70), regardless of the type of employment
  • No health questions asked and no medical examination is required
  • Covers short and long-term loans of up to 15 years
  • Protects other insurance policies (private and employee benefits) to provide income for your family

Loan disability insurance

  • Covers up to $1,000 a month in regular insured loan payments if you become sick or injured and are unable to earn an income
  • Benefits are paid directly to Envision Financial, ensuring there are no tax implications for you or your family
  • Premiums are included in your monthly payments for your convenience
  • Available to anyone regardless of the type of employment
  • No health questions asked and no medical examination is required
  • Covers short and long-term loans of up to 10 years
  • Protects other insurance policies (private and employee benefits) to provide income for your family

Critical illness

If you are diagnosed with life-threatening cancer, or suffer a heart attack or stroke, critical illness insurance will pay off your loan balance in full.

  • Pays the outstanding insured balanced of your loan(s), up to $90,000.
  • Available for purchase between the ages of 18 and 59. (Coverage ends at age 75.) Joint coverage is available at reduced costs.

Eligibility

What You'll Need

You'll need to be at least 19 years of age to apply for a RSP catch-up loan with us. It's that simple!

*Rate is subject to change without notice and is available O.A.C. Fully insured. Rate will be prime [ + 2%] without insurance. Terms and conditions may apply. Loans at these preferred rates are only available for products through Envision Financial or one of its partners.

**Interest will continue to accumulate during the deferral period.

Ready to apply? Applying for a loan with us is easy!

Online

Applying for a loan online just takes a few minutes and just four easy steps!

In Person

If you're more comfortable coming in to see us, we'd be happy to go through the application process with you.

By Phone

If you’d like to call us, here is a complete list of our branch and insurance office numbers.