Retro-Activator R R S P Loan
Plan for a better retirement by catching up on all that unused contribution room in your R R S P.
Why you'll like it
Let's find out what your loan payments could look like
Already know how much you want to borrow? Let's get started.Enter the total amount you want to borrow.
How often would you like to make payments?
Interest rate
Interest rates may vary. Contact us for your personalized interest rate.
Enter an interest rate.
Select the number of years you’ll need to pay back your loan.
Your estimated monthly loan payment
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How to apply for a Retro-Activator R R S P Loan
- Step 1Book an appointmentat a B M O branch to talk with a lending expert.
- Step 2Come in, bring the documents below and let’s talk about what can work for you.
- Step 3We’ll review your situation and come up with a loan amount and repayment plan.
- Step 4Complete the application process and move the money to your account.
Let’s do this! What do I need before I apply?
- Government-issued photo ID
- Proof of employment such as:
- a letter from your employer
- recent paystubs
- recent T4/T4A slips or RL1 if you’re a resident of Quebec, or T1 income tax return or Revenue Quebec TP1 with corresponding notice of assessment
Protect your Retro-Activator R R S P Loan
R R S P Loan Life InsuranceLearn More about RRSP Loan Life Insurance
Your loan balance may be reduced or paid off if you pass away.
R R S P Loan Disability Insurance
Your loan payments may be fully or partially covered if you’re unable to work due to a disability such as injury or serious illness.
Retro-Activator R R S P Loan FAQs
Have more questions?
Locate a B M O branch near you.
Visit a branch to get expert insight and discuss your options.
Give us a call, 24 hours a day, 7 days a week.
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