We understand that charting a long-term financial plan is a priority.  Thus, Echelon Wealth Partners is offering it's clients a lending solution that can help build your wealth and ensure sufficient savings for the future.

 

Feature                      

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

• Choice of product: Cients can choose between a variable or fixed rate.

• Flexible terms: ​Choose a one or two-year fixed rate loan or a variable rate loan with a term between one and ten years.

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

• Easy phone application: Approval within 24 Hrs, providing you qualify

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

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RSP Lending Rates
Amortization period       Variable rate          Fixed rate
1 year                                Prime + 0.50%            Call
2 years                              Prime + 0.50%            Call

3 - 5 years                            Call                          n/a
6 - 10 years                          Call                           n/a

 

RRSP Loan Benefits

• Low minimum RSP loan amounts across all terms. There is no cap on the loan amount.

• Fixed payment schedule, making the loan attractive for catching-up on unused contributions from previous years.

• All or part of a loan can be repaid at any time without penalty.

• Terms to suit your needs, amortized over up to 10 years.

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The loan program has made it possible for hundreds of clients to access funding so start investing now.

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​Did you know?

• Interest rates on RRSP loans are NOT tax deductible.

• 62 percent of Canadians have investments set aside for the future.

• 55 percent have investments in a registered retirement savings plan, a registered retirement income fund or a pension plan.

• 21 percent have investments in a tax-free savings account, and an equal number have investments outside of these plans.

• 38 percent Canadians do not have any investments set aside for the future         (Source:Financial Consumer Agency of Canada)

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