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Switch and Drop ½% Instantly

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.

Amount Interest Rate Annual Interest
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
Savings With RBC Homeline Plan
Annual Savings $500
Savings after 10 years $5,000

Charts are for illustrative purposes only.

Expand Find Out More about the RBC Homeline Plan Account


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. The Prime Rate as of October 23, 2014 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 $100,000.

® / TM Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.


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Find a Mortgage Specialist nearby who can help you to make the switch today!

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You can also call us at 1-866-719-2911.