1 Loan is subject to CIBC's lending criteria and is for a one-year open term. The RRSP Express Loan amount must be between $1,000 and $26,010 to be eligible. Other conditions apply. CIBC Prime Rate (currently, RDS%rate.PRIME.Published(null,null,null,null)(#O2#)%) is a preferential rate that is only available if the loan proceeds are deposited to a CIBC RRSP investment product. Contact us for great rates available on CIBC personal loans that meet your needs.
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.