An RRSP Loan is a great way to maximize your RRSP if you haven't reached your contribution limit. You can take advantage of the tax benefits today as you save for your retirement.

RRSP Loan interest rate

Prime1 + 0%APR

Special Interest rebate offer²:

Get an RRSP loan of $5,000 or more and we'll rebate the interest you paid between the date the loan was opened and the date it is paid in full or April 30, 2020.

Your payments need to be from an HSBC bank account to qualify.

Features & benefits

  • Get a competitive interest rate3
  • Maximize your RRSP contributions for the year
  • Catch up on any RRSP contributions not made in previous years
  • Take advantage of tax benefits now while saving for your retirement
  • 1- to 5-year terms
  • Weekly, bi-weekly, or monthly payment options

Apply for an HSBC RRSP Loan

Apply online

Start your application online for an HSBC Personal Loan today. We will contact you within 2 business days about the status of your application.

By phone

Call toll-free 1-888-310-4722

Visit a branch

Calculate your Creditor Insurance premium

Protect the things you love. Choose the Creditor Insurance protection that is right for you.

All RRSP Loans are subject to standard credit approval.

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Prime rate is 3.95% as of December 1, 2019 and means the annual rate of interest HSBC Bank Canada announces from time to time as a reference rate for determining interest rates on Canadian dollar retail loans in Canada. The actual rate will vary depending on fluctuations to HSBC's Prime Rate. Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC Bank Canada branch.

2 When you obtain a Registered Retirement Savings Plan ("RRSP") loan with HSBC Bank Canada ("HSBC") of CA$5,000 or more, you may receive an interest adjustment (the "Interest Rebate"). The Interest Rebate will be equal to the amount of interest you will pay between the advance date of the RRSP loan and the date the loan is paid off in full or April 30, 2020 inclusive; whichever date arrives first (the "Eligibility Period"). Please read the Terms and Conditions which govern the HSBC RRSP Loan Interest Rebate Offer. The HSBC RRSP Loan Interest Rebate Offer runs from January 2, 2020 to March 2, 2020 inclusive (the "Offer Period").

3 Rates are subject to change without notice. For information and to confirm most recent rates, please contact any HSBC branch. Some restrictions apply.

APR means the cost of borrowing for a loan expressed as an annual rate. It includes all interest and some noninterest charges associated with the loan. Since there is no cost of borrowing other than interest, the annual interest rate and APR is the same and APR will fluctuate with the Prime Rate from time to time.