Borrow now so your retirement savings may grow

With a TD RSP Loan you can maximize your RSP contribution this year or take advantage of any unused contribution room.

The maximum amount you can contribute to your RSP or TFSA
Amortization period is the length of time it takes to pay your loan in full, assuming the same interest rate and payment amount throughout. Shortening your amortization period can help you reduce interest cost over the period but it will also increase your payments.
The interest rate stays the same for the time period chosen
Loans are available with a variety of terms. The term is the length of your current loan agreement. Typically, terms range from 1 to 5 years. When a term ends, any balance you still owe can be repaid in full, or you may be offered a renewal term at current interest rate.
The interest rate changes whenever TD Prime Rate changes

What you’ll need to bring

  • Hold a TD Investment account or open one while applying for the RSP Loan.
  • Social Insurance Number.
  • Current address and previous address (if current address is less than 3 years).
  • Your income (sources and amount).
  • Your monthly mortgage or rent amount.
  • Your monthly payments (loans, credit cards, lines of credit), and household costs (utility, property tax).

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Get details on amounts, rates and more with a side-by-side comparison of all available TD loans

TD Loan Life and Disability Insurance

In case of the unexpected, get flexible protection for your loan obligations.

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