With our various possibilities of personal loans, your clients can choose the term, the frequency of their payments, and whether they prefer a fixed or variable interest rate.
Compare the available loans at National Bank and refer your clients to us, we will take where you left off.
RRSP financing can be part of a strategy to achieve your clients' retirement goals by maximizing their annual contributions. With this product, your clients get fast financing and enjoy a preferential rate, usually less than a personal loan to contribute to their RRSPs or to recover their unused contributions in recent years.
The Investment loan is the ideal product for clients who have few financial obligations and want to use the strategy of leveraging to build their long-term assets portfolio.
This product is a financing tool used primarily for investment purposes. It allows your customers to purchase and pledge eligible non-registered units of mutual funds or segregated funds to support the loan by the applicant.
For clients with a strong risk tolerance, this strategy may present several advantages: generate after-tax income that can be greater than the after-tax interest on the loan, potentially benefit from income tax deductions2 etc.
If your clients prefer to know precisely the amount of his payments, our fixed-rate personal provides protection against rate fluctuations in the event of rising interest rates.
Our variable-rate personal loan is ideal for clients who want to follow the economic trends in order to benefit from advantageous interest rates1.
Personal and investement loans
On this page, use the calculator in the RRSP Loan Documents (2019-2020) section to estimate the calculation of your clients' RRSP loan payments.
Your customer has other needs? Think about personal loans.
This content is for investment advisors only. For customer content, please visit nbc.ca.
1. Subject to credit approval from National Bank. Certain conditions apply.
2. Anyone who uses borrowed funds to finance the acquisition of securities or invest is at greater risk than if he settled the acquisition or invested with his own funds. Anyone who borrows funds to acquire securities or invest undertakes to repay the loan in accordance with its terms, including interest, even if the value of the securities acquired declines
3. Requests above $250,000 are assessed in a case by case manner. Additional conditions may apply.
4. "Prime rate" means the annual variable interest rate posted by National Bank from time to time, used by the Bank to determine the interest rates on the demand loans it grants in Canadian dollars in Canada. Consult the prime rate webpage to find out the day's rate.
Advisor enrolment form - To submit loan applications with National Bank of Canada, financial advisors must sign an advisor enrolment form with the National Bank of Canada. This is a one-time requirement that must accompany the first loan application submitted.
RRSP loan - Credit application
RRSP loan - Campaign FAQ
1,2,3 Step process - Summarizes the steps advisors and NBC follow in an RRSP loan application.
RRSP Loan rates - Rates as of April 3, 2020