Where applicable, the appropriate regulatory license is required to sell this product.
We're proud to have forged distribution alliances with many of Canada's premier financial intermediaries that include dealers, and insurance and mutual fund companies. Together, we're able to offer the advisor community many benefits which are part and parcel of our standard RSP loan program but with one key advantage: funding options.
Whether it's maximizing a client's RRSP contribution room, and/or helping them save for their child's secondary education, your clients come out ahead with B2B Bank.
A Comparison of Programs
You've decided that a B2B Bank RSP Loan is the right solution for your clients. But how do you decide whether to offer a distribution alliance RSP loan, or a B2B Bank standard RSP loan? Essentially, it comes down to funding options and the types of investments purchased. Here's a quick comparison:
| Distribution Alliance Loans |
Standard B2B Bank Loans |
- Loan funding is forwarded to the distribution alliance for deposit to:
- a client’s RRSP
- a client's RESP¹
- If the company is a fund manufacturer, investments usually remain within the family of funds offered by the fund manufacturer.
|
Loan funding can be deposited to:
- a B2B Bank Dealer Services² RRSP account
- a B2B Bank RRSP-GIC account
|
Loan Program Overview
| Loan Details |
Fixed Rate |
Variable Rate |
|
Minimum amount
|
Low minimum amounts available. Check your specific program details. |
| Maximum amount |
None |
None |
| Term |
1 or 2 years |
1 – 10 years |
| Submission method |
Applications can be submitted online or by mail. Check your specific program details. |