Our collateralized lending model is designed to be responsible, convenient and efficient.

We designed our collateral loan products to protect our pension and investment clients’ investment balances while meeting their need for personal financing. Eligible clients include employees of pre-qualified employers, MWM Pension Plan and MWM Investment Plan members.

Our loan products explained

MWM Collateralized Loan - Seasonal

  • Borrow up to 75% of your vested pension and investment plan balance and one half of your monthly salary and pay it back over a maximum of three years, starting next month.
  • Invest up to six months’ principal and interest payments in an MWM Investment account with MWM having the right of deduction to cover delinquencies;

MWM Collateralized Loans

  • Borrow up to 75% of your vested pension and investment plan balance and one half of your monthly salary and pay it back over a maximum of three years, starting next month.

Loan process

1. Registration and Application

  • Applicant creates an account on MWM’s REACH platform.
  • Applicant completes the loan application which includes all data required for the review and approval process.

2. Credit Assessment and Approval

  • Borrow up to 75% of your vested pension and investment plan balance and one half of your monthly salary and pay it back over a maximum of three years, starting next month.

3. Loan Closing and Payment

  • Loan documents are reviewed and executed by the applicant and an MWM representative.
  • The required employer-executed documents are submitted where applicable.
  • Loan proceeds given to applicant.

4. Repayment

  • Loan repayment schedule will be given at closing.
  • Loan repayments to be done via the following approved methods only.
  • Employer Salary Deductions.
  • Post-dated Cheques.
  • or Automatic Bank Transfers.

We like to be upfront and transparent about your monthly payment and interest so there are no surprises

Use our loan calculator to specify your loan amount and payback period, to determine your monthly installment exclusive of fees.

How Much Do I Qualify To Borrow ?

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Amount you are borrowing

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Amount being allocated to your investment plan

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My Indicative Monthly Instalment (exclusive of fees)

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Final Loan Disbursement Net of Investment Plan Deposit and Fees

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Send us your loan application now!

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