Building Your Investments
Do you need money to take advantage of an investment opportunity? Would you like to start building your RRSP right away, even though you don't have the cash to do it? We can get you the money you need, so you can start earning a return on your investment as soon as possible. Whether you want a pool of funds, a schedule of fixed payment amounts, or a way to invest for your retirement, CIBC has the credit options you need.
CIBC Personal Loan
What do you do if you see a great investment opportunity but don't have enough money to invest? If you like a structured payment plan and know how much money you'll need, the CIBC Personal Loan may be best for you.
- for amounts of $5,000 or more
- fixed payment amounts to make budgeting easier
- choose the payment schedule that's best for you - weekly, bi-weekly, semi-monthly or monthly
- pay your loan off early with no penalty
- get even better rates if you secure your loan using the equity in your home or other assets
- minimum income requirement is $17,000
CIBC Personal Line of Credit
Do you want a pool of funds to draw on when investment opportunities arise? A Personal Line of Credit gives you the flexibility to invest at a moment's notice.
- for amounts of $5,000 or more
- only apply once (no need to re-apply later)
- decide your payment amount (as long as you meet the minimum monthly payment amount)
- pay interest only on the amount you use
- get even better rates if you secure your line of credit using the equity in your home or other assets
- minimum income of $35,000
CIBC Home Power™ line of credit
Use the equity in your home to secure larger amounts of money.
- for amounts of more than $10,000
- receive ongoing access to larger borrowing amounts
- receive one of our most competitive rates
- payments as low as interest-only are available
- not available in Nunavut
- minimum income requirement is $35,000 for a Home Power line of credit Personal Line of Credit
CIBC RRSP Maximizer Loan™
The Canada Customs and Revenue Agency now allows you to indefinitely carry forward unused RRSP contributions from previous years. If you prefer structured payments and want to top up your RRSP by taking advantage of these unused contributions, we can help you. And you may receive rates as low as CIBC's prime rate.
- get access to larger amounts (between $5,000 and $50,000)
- fix your payment amount for up to five years
- amortize your loan up to 10 years
- pay no penalty for paying your loan off early
- apply at any time throughout the year
The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.
Copyright® 2009 Canadian Imperial Bank of Commerce. All rights reserved.