RESP loan

Borrowing to contribute to a registered education savings plan (RESP) offers several advantages.

Advantages of an RESP loan

  • Accumulate additional funds for your child’s education.
  • Benefit fully from government grants.
  • Access unused grant entitlements.
  • Maximize your Canada Education Savings Grant.

MICA does not grant loans of any kind to its clients. MICA acts only as an intermediary through its advisors to guide clients and connect them to its business partners (financial institutions) that are authorized to grant loans.