- Maximize your tax break.
- Grow your investment with tax-free compounding.
- Top-up unused RRSP contribution room from previous years.
- Top-up this year's RRSP contribution.
- Use your income tax refund to help pay down your loan.
- Take up to two years to pay off your remaining balance.
Loans that work for you.
A personal loan could be your key to living more freely. Whether you’d like to consolidate debt into one low payment, take a vacation, plan your dream wedding or buy that new car you’ve been wanting, Tandia can help. Getting approved for a personal loan is quick and easy and we have a variety of loan lengths, payment options, competitive loan rates, and more.
Personal Loan
Overview
Getting approved for a personal loan is quick and easy and we have a variety of loan lengths, payment options, competitive loan rates, and more.
Key Features
- Competitive rates including AFT, auto-transfer or payroll deduction.
- Flexible repayment options - Monthly, weekly, bi-weekly, whatever suits your schedule.
- All loans open to early repayment with no penalty.
- Life and disability insurance available.
- Payment relief can be arranged during layoffs, strikes and leaves of absence (including parental).
- Special purpose' loans for specific needs (i.e. computer, RRSP, education).
- Interest rates on personal loans are annual rates and are calculated on the declining loan balance.
RRSP Loans
A good reason to borrow.
Just because you're short on cash right now doesn't mean you have to forfeit a financially healthy retirement. Contributing to your RRSP on a regular basis will help build a significant nest egg over time. Our RRSP loan offers one of the best rates available, and your first payment can be deferred until May, typically when you receive your income tax refund and can be used to pay down your loan.
- Borrow up to $5,000.
- Repay over 2 years.
- First payment can be deferred until May.
- Lots of RRSP contribution room? Ask about a "Catch Up" RRSP Loan.
- Want to 'top-up' your RRSP contribution? Use an RRSP loan to increase your annual contribution by 40% or more and pay back your loan with your tax refund.
- Don't want to fill out an application every year? Contact us about our new RRSP Line-of-Credit.
Benefits of borrowing from your RRSP
Car Loans
A car loan from Tandia keeps you in the driver’s seat.
Let’s face it – whether you lease or borrow-to-own a car, it’s an expensive undertaking. It’s not unusual to see a price-tag on a new car that’s as much as the cost of an average house only a generation ago. The low monthly payments advertised with car leases can be appealing, but there’s more to leasing a car than the payments. Anyone who is in the market for a new set of wheels should consider both the pro’s and con’s of leasing before ruling out borrowing-to-own.
Advantages of leasing
- You can usually keep your monthly car payments lower than if you purchase.
- You can usually drive a more expensive car than if you purchase.
- There can be a tax advantage if you drive a car for business purposes.
Disadvantages of leasing
- You don’t own the vehicle.
- You can be subject to end-of-lease charges for excess mileage and wear-and-tear.
- Inflexible terms – if for some reason you need to end the lease early, you can be subject to a penalty for early termination. Think it couldn’t happen to you? It can happen to anyone… job loss, auto theft or an accident.
Advantages of borrowing-to-own
- Our loan payments can be as low as lease payments.
- Payments will be based on the purchase price of the car including taxes (for qualified applicants).
- Competitive rates.
- You own the vehicle.
- You can sell the vehicle at any time with no interest penalty for paying off the loan.
- You can modify the car any way you choose (paint or after-market options).
- There’s no mileage restrictions or worry about excess wear-and-tear.
- You can be car-payment-free some day and have some equity to show.
- For additional peace of mind, we offer affordable creditor life and disability insurance to protect your family from financial risk.
- You have control and stay in the driver’s seat.
Let's get started
You can apply online, in-person at your branch or call our Member Solutions Centre at 1-800-598-2891.
Tandia Credit Cards
Looking for a credit card that fits your lifestye? Tandia is here for you. We offer an outstanding suite of credit cards with competitive features and some very unique benefits and advantages.
Wealth Advice
Advice you can trust
Whether you’re saving for the future, preparing to buy your first home, or planning and protecting your estate. Tandia's suite of Wealth Service options can help you build a portfolio that’s tailored to your unique financial goals.
Listen to our Podcast
Listen to our weekly Podcast that answers all your burning questions about money. We’re here to make money more relatable, with take-action tips to help you create the life you want.
We will help you tackle those financial problems, look at your goals and help you define your financial journey. Start listening!
We are here for you
Get in touch with us at any time, whether it’s a question about our services or a comment on how we can do things better. Your voice is number one at Tandia.
To report a lost or stolen MEMBER CARD® debit card during regular business hours, call 1-800-598-2891 after hours please call 1-888-277-1043.
Copyright © 2024 Tandia Financial Credit Union Limited. All rights reserved.