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|
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Payments |
| Weekly |
Monday
- Friday |
| Bi-weekly |
Monday
- Friday
|
| Semi-monthly |
1st and 16th
|
| Monthly |
Your
choice of any date |
Deferred Payment Option for RRSP Loans
You may defer payments up to six months with
the first payment occurring no later than
July 31. This is NOT an interest-free period.
The loan term begins on the funding date
of the loan, not the first payment date.
Prepayments
Loans can be paid off at any time without
penalty - i.e., with no payout fee and no
minimum interest charge.
Fees
Effective May 1, 2008
- An administration fee of $45.00 is charged for items such as a change in loan terms after the funding date (e.g. consolidations, extensions, payment preference), late or missed payments, duplicate statements, processing of a manual payment or a deregistration.
- For complete fee details, refer to the “Terms and Conditions” section of the application.
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