Effective January 1, 2026: Conexus Credit Union 2006, Cornerstone Credit Union Financial Group Limited, and Synergy Credit Union Ltd. amalgamated as Conexus Credit Union. Learn more.
Start by scheduling an appointment with your advisor. Be sure to bring necessary documents such as proof of income and your previous year’s notice of assessment or RRSP contribution limit from the CRA (Canadian Revenue Agency).
Your eligibility will depend on factors like your credit score, income, and RRSP contribution room.
Once approved, the loan amount is deposited into your RRSP account, contributing to your retirement savings right away.
If you are depositing the funds into a Conexus RRSP product, you may be eligible for an interest rate as low as prime +1.25%.
Payment Options and Details
We offer flexible payment options, allowing you to choose from weekly, bi-weekly, semi-monthly, or monthly repayment schedules based on your preference.
You can select between a fixed interest rate, which ensures predictable payments, or a variable rate, which may change depending on the prime rate. Special rates may apply if you purchase Conexus-sponsored RRSP products.
You have the option to defer your first payment for up to 45 days, providing some flexibility before beginning repayment, and there are no prepayment penalties if you choose to pay off your loan early.
Curious about your payments? Our loan calculator makes it easy to estimate your costs and find the best financing options for you. Just enter a few details and instantly see how different terms and interest rates affect your payments.
Use our retirement calculator to get an estimate of what your retirement could look like based on how much you have, and are, saving.
Ready to get started?
Meet with one of our financial advisors to find out how much you can get approved. Fill out our contact form and we’ll contact you within one to two business days!