Borrow better with a TD RSP Loan
Why borrow for your RSP?
Interest rate options
Flexible repayment schedule
Deferred payment option
The differences between fixed and variable rates
- With a fixed interest rate, your rate and payment stay the same each month, and you know when your loan will be paid off.
- Even if the TD Prime Rate changes, your interest rate will stay the same.
- With a variable rate loan, the interest rate can change during the term and the amount of your principal and interest payment may change. We will notify you if your payment amount changes.
- If the interest rate goes down, more of your regular loan payment goes toward the principal, so you may pay off your loan faster.
- If the interest rate increases and your payment stays the same, more of your payment will go towards interest and it may take longer to pay off your loan.
Retirement Savings Calculator
Learn more about planning for retirement
Learn why a Registered Retirement Savings Plan is one of the smartest ways to plan for your retirement while reducing your taxable income.
By the time you’re 71, you’ll have to convert your RSP into some form of retirement income. This article talks about the 3 choices you’ll have.