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Personal Banking > Loans & Lines of Credit
Loans & Lines of Credit
You are on: Personal Loans
Let us structure an RBC Royal Bank Personal Loan for you
Whether you're making a major purchase, buying a car, renovating, or borrowing to invest in your RRSPs, let us structure an RBC Royal Bank Personal loan for you with flexible repayment terms to meet your unique needs and budget.
Find out more about Personal Loans 
Get Started
We've got the tools to answer some of your questions:
Start Your Loan Application Online
FAQ
LoanProtector® Insurance
Protect your RBC Royal Bank Personal Loan with LoanProtector Life and Disability Insurance.
You are on: Lines of Credit
Secured or unsecured revolving credit that puts you in control
Manage your own credit for everyday expenses, home renovations, investments, pay off other higher interest debts, and more.
Royal Credit Line®
Immediate access to funds whenever you need them, up to your approved limit.
Account Overdraft Protection
Make sure your cheques are not returned NSF and your authorized payments and point-of-sale transactions aren't refused.
Credit Cards
A convenient way to pay for purchases, living expenses and services - earn points toward travel and other rewards.
Start Your Loan Application Online
Find the Right Credit Solution For You
Tell us about your borrowing plans, and we'll recommend a credit solution to meet your needs.
LoanProtector® Insurance
Protect your RBC Royal Bank Personal Loan with LoanProtector Life and Disability Insurance.
You are on: Student Lending
Royal Credit Line® For Students puts you in complete control of your borrowing
Get low interest rates, and pay interest only on the credit you use, while you're using it.
Royal Credit Line for Students
Ideal for helping students finance their studies at an accredited college or university.
Royal Credit Line for Students — Professional Designation
For students pursuing select degrees who require a higher credit limit to finance their studies.
RBC Plan for Medical & Dental Students
Flexible financing options including a student line of credit, convenient banking services and the one to one attention you deserve.
RBC Royal Bank® Student Credit Cards
Another Student Banking option that gives you instant access to credit and helps build your credit rating.
Find out more about Financing a Post-Secondary Education
FAQ
RBC Better Student Life
A site for young people who want to learn about money management.
You are on: Manage Your Credit
Manage Your Credit
Understanding credit is key to ensuring your credit history remains healthy and serves you throughout your life. Here's what you should know:
- Understanding Interest
- Credit Management
- Maintain a Good Credit History
- Getting Approved for Credit
- Managing a Car Loan
Learn more about Managing Your Credit
Manage Your Loan or Line of Credit Online
With RBC Royal Bank® Online Banking, you have convenient access to features that can help you manage your RBC Royal Bank Loan or Line of Credit, including the ability to:
- Check your loan balance, interest rate and payment details
- Make an additional loan payment
- Arrange to delay or skip a loan payment(3)
- Apply for a loan — choose from personal loan, Royal Credit Line®, car loan and more
- View your balance, credit limit and remaining credit on your Royal Credit Line
- Apply for a credit limit increase
- View your LoanProtector® life and disability insurance coverage
We're Here to Help
For tips and advice on managing your credit, call us at:
1-800-769-2511
You are on: Customer Service
Contact Phone Numbers
Feel free to contact an RBC Royal Bank® Credit Specialist at Royal Direct by telephone, 24 hours a day, 7 days a week.
| Service | Phone number |
|---|---|
| Toll-free | 1-800-769-2511 |
| TTY Line | 1-800-661-1275 (hearing impaired) |
Frequently Asked Questions
How Do I...
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You are on: How do I know which credit product is right for me? Everyone has different needs depending on individual circumstances. Our RBC® credit specialists will work with you to determine the best borrowing option for you. It may make sense for you to have a RBC Royal Credit Line® which will give you access to credit when you need it. On the other hand you may prefer to use an installment loan for a specific purchase. This type of loan may be the right choice for you if you are more comfortable with a regular monthly payment over a specified time frame. You are on: How does RBC Royal Bank decide whether or not to approve my application for credit? When you apply for a Royal Credit Line, Personal Loan or an RBC Royal Bank credit card, you must demonstrate your ability to repay. In addition to checking your credit history from the credit bureaus and rating you on it, we use mathematical formulas to determine the balance between your income and your debt. If you have good credit and our calculations show that your total debt service ratio will allow you to comfortably manage the additional credit you're applying for, you will likely be approved. If you are not approved, we will help you understand the reasons why. You are on: How can I reduce my debt load? One of the most convenient and effective ways to reduce or eliminate your debt load is to consolidate all your different borrowing solutions into a single personal loan. Combine your other loans, lines of credit, credit card balances and any other borrowing solutions into one loan, with a set schedule of payments. As a result, you will have only one payment to deal with and you will find it easier to pay off all your debt. Be sure to apply the interest savings realized by consolidating, to reduce the loan faster. You are on: Manage my credit in Online Banking? With RBC Online Banking, 24 hours a day, 7 days a week, you can:
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