Gic Investment Loan
GIC Investment Loan: Leveraging Your Savings
A GIC (Guaranteed Investment Certificate) investment loan is a unique financial tool that allows you to borrow money using your existing GIC as collateral. Essentially, you’re using the security of your GIC to obtain a loan, often at a competitive interest rate. This can be a strategic approach for investors looking to leverage their existing savings without liquidating their GIC and potentially incurring penalties or missing out on accrued interest.