A flexible, low-cost way to borrow money
This line of credit lets you save with an interest rate that is much lower than most credit cards. Plus, there are no annual or cash advance fees2. You can use a Royal Credit Line as an everyday tool to help you pay down your higher interest debts and improve your cash flow.
The flexibility of a Royal Credit Line:
Source of reusable fundsWhen you pay down the Royal Credit Line balance, the credit becomes available again.
Flexible payment optionsOften pay as little as interest only5 or more if you want to pay the balance off faster.
Optional LoanProtector®,6 Insurance
Designed to provide financial backup during difficult times, LoanProtector Life and Critical Illness Insurance provides low-cost, valuable protection for you and your family.
®/™
Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
Personal lending products are offered by Royal Bank of Canada and are subject to its standard lending criteria.
Legal Disclaimer1.
Your pre-set credit limit has been pre-approved for this Royal Credit Line account offer. This pre-approved offer is exclusive to you. If you need to add a co-borrower on your Royal Credit Line account, you will be required to complete a full application. This is a pre-approval for a Royal Credit Line account based on the credit and financial-related information we have about you at the start date of the Royal Credit Line account offer and is only available if you have no active or pending Royal Credit Line account. Eligibility and pre-approval do not guarantee you will be issued a Royal Credit Line account. If you wish to take advantage of this opportunity, visit your local branch or call us. We reserve the right to withdraw this offer at any time without notice even if you have already accepted it. This offer is not available in combination with any other rate discounts, offers or promotions and expires February 15, 2019.
Legal Disclaimer2.
Two Royal Credit Line cheques may be written during each monthly cycle without charge. A $2.00 Royal Credit Line Cheque Fee applies to each cheque thereafter.
Legal Disclaimer3.
RBC Online Banking is provided by Royal Bank of Canada.
Legal Disclaimer4.
The RBC Mobile app is provided by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. You will need access to RBC Online Banking to be able to use the RBC Mobile app.
Legal Disclaimer5.
The minimum payment is the accrued interest and, only if applicable, may include service fees that apply for that period as well as your LoanProtector insurance premium and taxes.
Legal Disclaimer6.
LoanProtector is a creditor's group insurance program underwritten by The Canada Life Assurance Company and is subject to terms, conditions, exclusions and eligibility restrictions.