AMP Investment Loans
AMP RSP Loan Program
Saving For Your Future Just Got Easier
A retirement savings Plan (RSP) is the best way to save for your future because your investments grow tax-fee. Now you can maximize your contributions by taking out a ONE Financial AMP RSP loan.
You can:
- Receive rates a low as Prime -1.0%
- Boost returns with a sizeable lump-sum
- Defer loan payments up to 180 days after funding
- Build a larger and more diversified retirement portfolio
- Achieve your long-term financial goals more quickly
The ONE Financial AMP RSP Loan Program is suitable if you:
- Want to make RSP contributions but don't have the money available right now
- Want to take advantage of unused RSP contribution room
- Are in a higher marginal tax bracket than last year
Benefits to you
Customized
- Consolidate RSP loans from other financial institutions
- No need to submit a photocopy of your photo identification
Affordable
- Flexible terms and amortization periods
- Open prepayment and payout options
Tax-Advantaged
- Significant tax deferral
- Taxes payable are reduced in the current year
- Interest costs may be tax deductible
- Tax refunds from RSP contributions can go towards repaying the loan or other higher rate debts such as credit cards
Loan Options
Contribution Loan
- For investors who want to make their current-year RSP contribution, but do not have the money readily available.
- $1,000 minimum, no maximum
- Terms of 1 to 2 years at Prime
Top-Up Loan
- For investors who contribute regularly to their RSPs and want to make their maximum allowable contribution for the current year.
- $2,500 minimum, no maximum
- Terms of 3 to 5 years at Prime + 1.5%
Maximizer Loan
- For investors with previous unused contribution amounts who want to maximize their contribution.
- $5,000 minimum, no maximum
- Terms of 6 to 10 years at Prime + 2.5%
All current and previous ONE Financial products are eligible for the AMP Investment Loan Program. Please contact your Financial Advisor to find out how the ONE Financial AMP "3-for-1" No Margin Loan Program can help you reach your financial goals.
