There are a number of reasons why you might want to take out a loan, besides using it to buy a car, boat or other big-ticket item. You may want to consolidate your debts into a single loan at a lower interest rate than you pay on credit cards. Or you may be looking to maximize your annual RRSP contribution.

Whatever your reason, the OPPA Credit Union offers a variety of loan options to meet your needs. Speak to your Member Service Advisor for details.

Personal Loans – With a personal loan, you pay back the money you borrow with interest over a set period of time. However, you also have the flexibility to make extra payments or pay off the loan at any time, without penalty. 

RRSP Loans – Sometimes it makes good financial sense to borrow to maximize your annual RRSP contribution.