Rates

The RSP loan program

Multiple funding options
Proceeds from a single Distribution Alliance RSP loan can be invested in an RRSP, RESP or any combination thereof (up to a maximum of three accounts).

Deferral payment options
Clients can defer their first payment for up to 180 days.1
 

Simplified pricing
Pricing is based on the term selected, not the loan amount.

Flexible terms
Choose a 1- to 2-year fixed rate loan or a variable rate loan with a term between 1 and 10 years.

Lending programs

Distribution Alliance Program

  • Variable and fixed rate RSP loans
  • Minimum amount: $2,500 (unless otherwise stated)
  • Maximum amount: none
  • Variable rate loan terms: 1 to 10-years
  • Fixed rate loan terms: 1 or 2-years
  • Deferral option of up to 180 days1
  • Deposit proceeds to your clients' RRSP or RESP at any participating Distribution Alliance
  • 1 year variable: 4.45%
    (Prime + 0.50%)
     
  • 2 years variable: 4.45%
    (Prime + 0.50%)
     
  • 3-5 years variable: 6.20%
    (Prime + 2.25%)
     
  • 6-10 years variable: 6.85%
    (Prime + 2.90%)
     
  • 1 year fixed: 5.95%
    (Prime + 2.00%)
     
  • 2 years fixed: 6.95%
    (Prime + 3.00%)

The loan proceeds can be forwarded to a fund manufacturer, mutual fund dealer or investment dealer that participates in a Distribution Alliance Program. The proceeds can be forwarded to either an RRSP account, an RESP account or a combination of both.

Standard Loan Program

  • Variable and fixed rate RSP loans
  • Minimum amount: $2,500
  • Maximum amount: none
  • Variable rate loan terms: 1 to 10 years
  • Fixed rate loan terms: 1 or 2 years
  • Deferral option of up to 180 days1
  • Deposit proceeds to a B2B Bank Dealer Services RRSP account or a B2B Bank RRSP GIC account

 

  • 1 year variable: 4.45%
    (Prime + 0.50%)
     
  • 2 years variable: 4.45%
    (Prime + 0.50%)
     
  • 3-5 years variable: 6.20%
    (Prime + 2.25%)
     
  • 6-10 years variable: 6.85%
    (Prime + 2.90%)
     
  • 1 year fixed: 5.95%
    (Prime + 2.00%)
     
  • 2 years fixed: 6.95%
    (Prime + 3.00%)

The loan proceeds from your RSP loan can be allocated across multiple fund manufacturers through a B2B Bank Dealer Services RRSP account or into a B2B Bank RRSP-GIC account.
 

RSP planning with your client

Evaluate your clients’ ability to qualify for an RSP loan before submitting an application to B2B Bank.
 

 
 
Successfully complete the application process.
Application checklist »
Tips for avoiding delays »  
 
 

Is a Proof of Assets or Proof of Income required? 

Credit approved RSP Loans $10,000 and under do not require Proof of Income (POI)/Proof of Assets (POA).2

Requested RSP Loan amount $10,000 $6,000 $10,000
Existing RSP/TFSA Loan balance $0 $4,000 $8,000
Total RSP/TFSA Loan balance $10,000 $10,000 $18,000
POI/POA required? No No Yes

POI/POA will be required if the RSP Loan amount requested plus any RSP/TFSA Loan balances with B2B Bank exceed $10,000.

 
 

Administer your clients’ loan post funding
Loan administration tips »

The application process

The easiest and fastest way to submit your clients’ loan applications is online through EASE.

  • Enter, save, print and submit applications.
  • Receive status emails within seconds.
  • Track multiple applications through to funding.
  • Generate reports to keep track of your business.

Learn more about EASE »

Watch our application process video »

 

EASE login »

Register for EASE online or contact us at 1.800.263.8349.

Workflows

For more information

Marketing materials

 

1Clients can defer their first payment for up to 180 days on all RSP loans. If a deferral payment option is selected, the first payment is due on the first payment date after the expiration of the deferral period. The interest accrues from the date of funding and extends the term of the loan by the length of deferral.

2Occasionally, B2B Bank may request POI/POA on certain applications. Subject to dealer requirements.

B2B Bank acts in the capacity of lender and/or account administrator, and does not provide investment advice. Dealers, advisors and brokers, not B2B Bank, are responsible for determining the suitability of products and services for their clients and for informing them of any related risks. Any loan approval by B2B Bank should not be construed as an endorsement of any investment choice, program, or strategy. All loans are subject to credit approval and borrowed monies are due and payable regardless of the performance of the investments. While RSP loans have the ability to magnify gains, they also have the potential to magnify market losses. B2B Bank reserves the right to request additional information or documentation at its sole discretion. B2B Bank products and services are only available through financial intermediaries. B2B Bank Dealer Services includes B2B Bank Financial Services Inc. (an MFDA member), B2B Bank Securities Services Inc. (an IIROC member, Member - Canadian Investor Protection Fund) and B2B Bank Intermediary Services Inc. (an AMF-regulated dealer operating in Quebec). B2B Bank is a trade-mark used under license.