Manage Your Own Credit — Easily

Use your Royal Credit Line for everyday expenses, home renovations, investments, to pay off other, higher interest debts and more.

In fact, even if you don't need to borrow right now, it may make sense to apply for a Royal Credit Line today. Once your line of credit has been established you can relax knowing you are ready for emergencies or unplanned expenses.

An RBC Royal Bank credit specialist can help you choose from the two options available.

Secured Line of Credit	Unsecured Line of Credit
Use the equity in your real estate holdings, or guaranteed investments to secure a higher credit limit, at a lower interest rate.	Quick and easy approval process.
Credit limit from $5000 to as much as 80% of the equity in your home, less any prior outstanding mortgages(9).	Credit limit from $5,000 to $50,000(9) — with no security required.
Competitive interest rates.	Competitive interest rate, based on your financial standing.
The interest rate on your Royal Credit Line is variable and will rise and fall with changes in the Prime Rate.

Credit that's Always Available — and Easy to Access

With a Royal Credit Line, you apply once — and you never have to apply again. As long as your account is in good standing, you'll always have credit available to you, up to your credit limit.

You can borrow instantly, at any time. Just write a cheque, withdraw or transfer money at a RBC Royal Bank ATM Machine or use Telephone Banking or Online Banking. An itemized monthly statement keeps you on track, telling you exactly how much you've borrowed and how much you must pay each month.

Revolving Credit that You Can Use Again and Again

As soon as you repay any of the credit you've used, it immediately becomes available to you to use again. You're in complete control, able to borrow when you need to, without having to reapply every time.

Structured to Meet Your Needs

Royal Credit Line offers you a wide range of payment options to suit your needs. You can set up a fixed payment schedule to include principal and interest (blended payment), pay interest only on a monthly basis with principal payments at your discretion, or have the principal payments scheduled for your budgeting ease. Choose a payment schedule that best suits your needs. The blended or principal payment can be set to monthly, bi-monthly, bi-weekly or weekly.

The only requirement is that you pay the interest owing each month. You can pay more at any time without penalty.

No Administration or Service Fees on Your Unused Credit

All you pay is interest on the credit you use. Your Royal Credit Line even allows you to write up to 2 personal cheques per statement cycle at no additional charge. (There is a fee of $2 for each additional cheque — and a charge for cheque orders that varies, depending on the design and quantity of cheques you choose.)

Protect Your Dreams

Whether your dream is a new car, vacation or home renovation, it's important to protect it from the unexpected. LoanProtector^® Life and Disability Insurance offers just the solution. Designed to provide financial back up during difficult times, it provides low-cost, valuable protection for you and your family.