RBC Homeline Plan

Save money and improve your cash flow — let the equity in your home work for you

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. Plus, you could save hundreds of dollars in interest charges!

Whether you're looking to buy a home and have a 20% down payment, or you're an existing homeowner with at least 20% equity in your home, the RBC Homeline Plan® could be the right solution for all your borrowing needs.

Manage your mortgage and personal credit under one plan

With the RBC Homeline Plan®, 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. Plus, it's a great way to save money by consolidating any existing debts in your line of credit, under a lower interest rate.

Put the equity in your home to work for you

Through the RBC Homeline Plan®, the money is yours to use any way you wish. Once your credit limit is set, you can borrow any time, up to your available credit limit on your credit line.

And, you can easily access funds from your credit line through online banking, ATMs, any RBC® branch or by writing a cheque.

Split your mortgage between fixed and variable rates

The RBC Homeline Plan® 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.

For example:

  • 50% of your mortgage could be fixed for 5 years
  • 50% of your mortgage could be in a 5-year variable rate mortgage

In addition, the percentage(1) split does not have to be 50/50.

RBC Homeline Plan Calculator

Help manage all your borrowing needs and save on interest charges.

Find out how

Example of how you can save

The chart below illustrates just one example of how the RBC Homeline Plan® might work for a Canadian homeowner with a mortgage, car loan, line of credit and outstanding credit card balances.

Without RBC
Homeline Plan®
With RBC
Homeline Plan®
Mortgage2 $200,000 $1,008/month
(Interest 4.5%)
$504/month
$100,000 Mortgage - Fixed2
(Interest 4.5%)

$449/month
$100,000 Mortgage - Variable3
(Interest 3.5%)
Car Loan3 $25,000 $519/month
(Interest 9.0%)
$460/month
Car Line of Credit
(Royal Credit Line® 3, Secured - Interest 4.0%)
Line of Credit $9,500


Credit Cards $4,300
$51/month
(Unsecured - Interest 6.5%)

$70/month
(Interest 19.5%)
$46/month
Line of Credit
(Primary Royal Credit Line - Interest 4.0%)
Total $1,649/month
(Interest 5.3%4)
$1,460/month
(Interest 4.0%4)
With RBC
Homeline Plan®
Without RBC
Homeline Plan®
With RBC
Homeline Plan®
Without RBC
Homeline Plan®
Mortgage2 $200,000 $1,008/month
(Interest 4.5%)
$504/month
$100,000 Mortgage - Fixed2
(Interest 4.5%)

$449/month
$100,000 Mortgage - Variable3
(Interest 3.5%)
Car Loan3 $25,000 $519/month
(Interest 9.0%)
$460/month
Car Line of Credit
(Royal Credit Line® 3, Secured - Interest 4.0%)
Line of Credit $9,500


Credit Cards $4,300
$51/month
(Unsecured - Interest 6.5%)

$70/month
(Interest 19.5%)
$46/month
Line of Credit
(Primary Royal Credit Line - Interest 4.0%)
Total $1,649/month
(Interest 5.3%4)
$1,460/month
(Interest 4.0%4)
Savings with RBC Homeline Plan®: $189/month, $2,268/year

What is your borrowing need?

Automobile
Renovations
Investments
Amount you'd like to borrow:
$
Number of years to repay:
$ /yrs

Savings

Total interest savings when you use your RBC Homeline Plan:
$16,507.17
Total Interest Cost:
RBC Homeline Plan
3.20% Interest
Unsecured LOC
10.83% Interest
Credit Card
19.99% Interest

Payment options

HomeProtector® Mortgage Insurance

It allows you to not only safeguard yourself and your family's lifestyle, but also your assets and net worth.

Special offer rates and terms

The RBC Homeline Plan® is available with a variety of fixed5 and variable6 rates and terms. Below are several of our current special offers7:

4-year fixed closed term
2.540%
2.590% APR
5-year fixed closed term
2.890%
2.910% APR
5-year variable closed term
RBC Prime Rate
+ 0.000%
2.720% APR
Today's Royal Bank of Canada prime rate
RBC Prime Rate
2.700%
RBC Prime Rate
2.700%

Start your online mortgage pre-approval

Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC®
mortgage specialist will be in touch within 24 hours to help you complete your pre-approval application.

Get pre-approved Get pre-approved