AGF Trust Co. today announced the launch of an RSP loan program that gives financial advisors instant online approvals for qualified clients.

“The RSP loan program is designed to make investment advisors’ lives easier during the busy RSP season,” said Mario Causarano, president and COO, AGF Trust Co., a subsidiary of AGF Management Ltd. “In designing the loan program, we made sure to meet their needs by ensuring a streamlined application process and instant approvals for qualified investors.”

The AGF Trust RSP loan program is one of the few renewable RSP loan programs in Canada. “There is no need for investors to reapply in successive years,” said Causarano. “It’s almost like an RSP line of credit.”

Advisors can apply on behalf of their clients through the AGF Advisor Zone on agf.com or by telephone or fax and can expect a quick approvals review. Investors can then use the loan to invest in AGF’s broadly diversified family of funds.

The AGF Trust RSP loan offers qualified investors a minimum loan amount of $2,500 with no maximum limit. Income verification is required only on loans in excess of $13,500.

RSP loans can be used to help investors maximize the amount of money that they can contribute to their Registered Retirement Savings Plans in order to catch up on unused RSP contribution room. “AGF works with advisors to help investors reach their retirement dreams sooner by making it easier to invest for their future,” said Causarano.