Applicants must meet all CIBC lending criteria. Certain conditions and restrictions apply. Credit limit determined by CIBC, in its sole discretion. Products, their features and advertised interest rates may change at any time. This is a general description only; for more information and product terms and conditions, consult product brochures or call CIBC at 1-866-525-8622 Opens your phone app..
1 Available amortization periods depend on the size of your loan. The RRSP Express Loan amount must be between $1,000 and $29,999.
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. CIBC Prime (currently, 5.45%) is a preferential rate that is only available if the RRSP Express Loan proceeds are deposited to a CIBC RRSP investment product.