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Manulife Bank RRSP Loans

Benefits
Features
Getting started

The best time to start contributing is now
Even if you've missed making your Registered Retirement Savings Plan (RRSP) contribution in previous years, there's no time like the present to start saving for retirement.

Don't let a lack of cash keep you from taking advantage of this powerful financial tool this year. A RRSP loan can help you realize tax savings, increase the eventual size of your RRSP, and help you stick to your savings plan.

Start with the right tools
A RRSP is one of the best tools you have for ensuring a comfortable retirement. With a Manulife Bank RRSP Loan you can:

Top-up your RRSP and reduce your unused contribution room;
Increase your RRSP growth potential - through the power of compounding, the larger your initial investment and the longer it remains invested, the greater your investment growth potential;
Reduce your taxes now;
Establish a disciplined savings routine;
Defer your first loan payment by 90 days which can give you time to apply your tax refund to reduce your loan balance.

With the help of your financial advisor, taking care of your RRSP contribution is easier than ever.

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Real value for your RRSP dollar
Manulife Bank's RRSP Loan program provides real value to investors like you by offering:

Loan amounts of $1,000 to $21,000;
90-day payment deferral option;
Loan approvals in seconds, based on your good credit history;
No fees to: apply, change payment dates or make lump sum payments;
Attractive floating interest rate.

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Getting started
To find out more about Manulife Bank's RRSP loans, which can be used to purchase Manulife Bank's GICs, Registered Advantage Account, Manulife Investments' GICs, mutual funds or segregated funds and Manulife Securities' mutual funds:

Contact your financial advisor*
To be referred to an independent advisor, please call 1-888-MANULIFE (1-888-626-8543).
Call Manulife Bank at 1-877-765-2265, Monday to Friday, 8:00 a.m. to 8:00 p.m. (9:00 a.m. to 9:00 p.m. Atlantic Time)
Contact us.

*Manulife Bank RRSP loans are only available through financial advisors.

Borrowing to invest in an RRSP may not be appropriate for everyone. You will need the financial means to meet your loan obligations. In addition, investments held in an RRSP may fluctuate in value. You should be aware that regardless of the performance or value of any investments held in your RRSP, you will be required to meet your loan obligations in full. Talk to your financial advisor to find out more about the advantages and obligations of borrowing to invest. Manulife Bank of Canada solely acts in the capacity of lender and loan administrator and does not provide investment advice of any nature to individuals or advisors.

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