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CIBC RRSP Maximizer Loan™

If you prefer structured payments and want to top off your RRSP by taking advantage of unused contributions of $5,000 to $50,000, the CIBC RRSP Maximizer Loan could be for you.

If you have room to contribute to your RRSP, or need to borrow to make an RRSP contribution, the CIBC RRSP Maximizer Loan can help you meet your investment goals.

Interested in applying for a CIBC Loan or Line of Credit?
Call Telephone Banking or visit one of our branches and speak with a Personal Banker.
1-866-525-8622 toll free

Is it for you?

CIBC RRSP Maximizer Loan could be for you if any of the following apply:

  • You have unused RRSP contributions.
  • You want to maximize your unused RRSP contributions.
  • You need to borrow in order to contribute to your RRSP, with affordable monthly payments spread out over periods of up to 10 years.1
  • You have previously borrowed money to purchase CIBC RRSP products.

Key benefits


Helps You Meet Investment Goals
  • You can finally catch up on unused RRSP contributions.
  • Benefit from tax-deferred growth within your RRSP.
  • Get access to larger amounts (between $5,000 and $50,000).
Cost Effective Borrowing
  • Find competitive interest rates.
  • Get a potential tax refund by maximizing your RRSP contribution.
  • Take your tax refund to pay down your RRSP loan balance.
Flexible
  • Amortization periods of up to 10 years1 (a longer amortization period lowers your payment amounts).
  • Choose either a fixed or variable interest rate.
  • Pay off all or part of your loan any time without penalty.
  • Available throughout the year.

Information you need to know:

  • Variable Rate Loans are based on CIBC Prime2 lending rate.
  • Borrow a minimum of $5000.

Trademarks and Disclaimers

Applicants must meet all CIBC lending criteria. Certain conditions and restrictions apply. Credit limit determined by CIBC, in its sole discretion. Products and their features may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call 1-866-525-8622.

1 Available amortization periods depend on the size of your loan. CIBC Prime lending rate is available on loans with terms of one year.

2 CIBC Prime is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on your loan will change whenever CIBC Prime varies.

™ Trademark of CIBC.

* Trademark of INTERAC Inc., used by CIBC under license.