| Feature | Benefit |
| Interest calculated on reducing
balances. | Savings on costs of the loan. |
| Variable interest rate based on the
Royal Personal Prime rate. | Potential to pay off loan faster when interest rates decline. |
| Payments automatically deducted
from deposit account. | Ease in managing payments. |
| Option to waive one payment each
year. | Great for budgeting during tight cash
flow period. |
Payment options available:
- Principal + interest monthly
- Blended payments: weekly, biweekly or monthly
- Interest monthly plus lump sum payments
|
Flexibility in managing cash flow. |
| Up to 100% financing available. | Acquire items with no cash outlay |
