Loans

Personal loans can be the boost you need to turn your dreams into reality—whether it's purchasing a new vehicle, pursuing education, or planning your perfect wedding.
With flexible repayment options, they help you achieve your goals without putting life on hold.

Find the loan to fit your next big goal

Personal Loans

A personal loan is a convenient solution when funds are needed for an important purchase, luxury item, or even to consolidate debts into one, lower-cost payment.

Benefits:

Repay your loan faster with weekly or bi-weekly payments.
No penalty for extra payments or early repayment.
Make extra payments any time, in any amount, and as often as you want.
Semi-annual statement of loan account (or monthly with chequing account statement).

Features:

Competitive variable or fixed interest rate.
Credit life and disability insurance available.

All loans subject to credit approval and normal credit guidelines.

Vehicle Loans

Take the smart course. Before visiting the dealership, arrange a pre-approved car loan at Mosaik Credit Union. A pre-approved loan puts you in the driver’s seat when negotiating price or comparing lease agreements. And when comparing, remember to ask about making extra payments, loan insurances and cost of borrowing. With the right information, you can make the right decision that fits your lifestyle.

Use a pre-approved loan for used and new cars, trucks, boats or recreational vehicles. Ask about our special, new car loan rates.

Benefits:

Flexible repayment terms
Repay your loan faster with weekly or bi-weekly payments
No penalty for extra payments or early repayment

Features:

Credit life and disability insurance available
Competitive rates
Special rates for new car loans

RRSP Loans

RRSP loans, with rates as low as prime, provides an opportunity for owners to maximize their RRSP contribution and to take advantage of maximum tax benefits today while providing for their future retirement.

Take advantage of unused carry-forward amounts or maximize your yearly contributions by borrowing and taking up to 10 years to repay. Any tax refund could be used to pay down loan balance, make next year's contribution early, or just for you to spend -- the choice is yours.

Features:

Terms starting at 12 months.
Invest in Mutual Funds.**
Invest in products available through Mosaik Credit Union
Credit life insurance is required. Optional disability insurance available.
Minimum payments apply.

*Loan is due in full if transfer or redemption of RRSP is requested.

*Fixed deposits remain for the duration of the term following repayment of the loan.

*All lending is subject to credit approval within normal credit guidelines.

**Mutual funds are offered through Qtrade, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated,cash balance, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.