Altamira

2007 - 2008 RRSP Loan Program Features

Loan features

RRSP "Top-Up" (Option 1)

RRSP "Catch-Up" (Option 2)

Minimum amount

$1,000

Maximum amount

$19,000

No maximum

Maximum term

24 months
$1,000 - $5,000:
$5,001 - $19,000:
$19,001+:		 3-24 months
3-48 months
3-120 months
Deferral payment option First payment can be deferred for three or six months (variable rate loans only)
Future funding option Apply now and request funds to be disbursed at a later date (promotional period from November 1st, 2007 to February 29th, 2008)
Rate options
Fixed rate:
Fixed payment: Principal and interest
Variable rate:
Variable payments: Principal plus interest (one loan payment of principal and second loan payment for interest)
Equal payments: Principal and interest
Payment frequency

Weekly, bi-weekly or monthly

Payment method

Electronic funds transfer (EFT) from your personal bank account

Documents*
  • 2007-2008 RRSP Loan Credit Application
  • Personalized void cheque for the payments




* other documents may be required by the Credit Decision.
  • 2007-2008 RRSP Loan Credit Application
  • Balance sheet (included in Application)
  • Proof of income
  • Personalized void cheque for the payments
* other documents may be required by the Credit Decision.
Approval and funding Approved loans will be disbursed to your Altamira RRSP account after we receive:
  • The faxed completed, signed and compliant application (original required within 7 business days)
  • Personalized void cheque
 Approved loans will be disbursed to your Altamira RRSP account after we receive:
  • The faxed completed, signed and compliant application (original required within 7 business days)
  • Personalized void cheque
  • Proof of income