Why pay more when you don't have to? If you are currently paying 4% (prime + 1%) on your secure line of credit, you are paying too much.
Switch to an RBC Homeline Plan® credit line at 3.5% (prime + 0.5%) and you could save as much as $5,000 in interest payments‡.
Without RBC
Homeline Plan®
credit line |
$100,000 |
Prime + 1% |
$4,000 |
With RBC
Homeline Plan®
credit line |
$100,000 |
Prime + 0.5% |
$3,500 |
Charts are for illustrative purposes only.
Find Out More about the RBC Homeline Plan Account
The RBC Homeline Plan account is a smart, easy way to manage all your personal credit, from your mortgage to outstanding balances on loans and lines of credit.
Key Features and Benefits:
Manage your mortgage and personal credit under one plan
With the RBC Homeline Plan account, you have access to our Royal Credit Line® and Royal Bank® mortgages all in one plan, which you can designate for different needs, including home renovations, a new car, a vacation or your child's education.
Consolidate existing debt to save on interest charges
Transferring your balances from higher interest credit cards, loans and/or a mortgage to your RBC Homeline Plan account could free up hundreds of dollars in extra cash flow each month.
Split your mortgage between variable and fixed rates
The RBC Homeline Plan account allows you to split your mortgage and enjoy the advantages of both variable and fixed rates! The variable portion lets you take advantage of potential long-term savings, while the fixed rate portion protects you if rates rise.
Whether you're an existing homeowner with at least 20% equity in your home, or you are looking to buy a home and have a 20% down payment, the RBC Homeline Plan account could be the right solution for all your borrowing needs today and in the future.
Start Your Switch Now
Get your rate in shape today. Switch to RBC Royal Bank, and we'll even cover your switching cost (1) - now that's a lot of savings!
Talk to a Mortgage Specialist 
‡ Savings based on $100,000 secured line of credit with interest being paid over 10 years comparing a 3.5% and a 4.0% annual interest rate. The interest rate will fluctuate with the Prime rate and is subject to change at any time without notice. Rate is effective as of February 10, 2012. The Prime Rate as of May 18, 2013 is 3.000%. Personal lending products and residential mortgages are provided by Royal Bank of Canada and are subject to its standard lending criteria.
1) We will pay the basic title insurance fee (not including migration fee), appraisals/property valuation fee and one discharge/switch out fee at another financial institute (up to $300 maximum). Offer excludes mortgage payment charges that you may have to pay. Minimum advance $50,000.
® / TM Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.
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