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RBC Homeline Plan®

You are on: Features and Benefits

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(25) split does not have to be 50/50.


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.

Amount Interest Monthly Payment

Without RBC Homeline Plan®

Mortgage1 $200,000 4.5% $1,008
Car Loan2 $25,000 9.0% $519
Line of Credit
$9,500 6.5% $51
Credit Cards $4,300 19.5% $70
Total $238,800 5.3%3 $1,649

With RBC Homeline Plan®

Mortgage - Fixed1 $100,000 4.5% $504
Mortgage - Variable2 $100,000 3.5% $449
Royal Credit Line®2
(car line, secured)
$25,000 4.0% $460
Primary Royal Credit Line $13,800 4.0% $46
Total $238,800 4.0%3 $1,460
Savings With RBC Homeline Plan®
Savings With RBC Homeline Plan®
Monthly Savings $189
Annual Savings $2,268

1) 30-year amortizing mortgage with monthly payments
2) 5-year amortization, variable interest rate
3) Weighted average. Rates shown are for illustrative purposes only.

You are on: Payment Options

Select Your Payment Schedule

When you first set up your mortgage, you can choose from several payment options, including monthly, semi-monthly, bi-weekly, weekly, accelerated bi-weekly and accelerated weekly payments.


Choose Your Amortization Period

At RBC Royal Bank, you can select an amortization period up to 30 years for mortgages within your RBC Homeline Plan. Your amortization is the length of time it will take to pay off your mortgage.


Pay Down Your Mortgage Faster

You can also reduce the number of years it takes to pay off your mortgage and enjoy substantial savings by:


Enjoy Other Flexible Payment Options

If you ever need to free up cash for another purpose, you can also skip a mortgage payment once every 12 months:

You are on: Rates and Terms

Special Offers

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

Fixed Rate(1) Closed Term Mortgage Rates:

Fixed Rate1 Closed Term Mortgage Rates:
Term Posted Rate Special Offers(2) APR
4 Year 4.390% Call for details 2.770%
5 Year 4.640% Call for details 2.910%

Variable Rate(4) Closed Term Mortgage Rates:

Variable Rate Closed Term Mortgage Rates:
Term Posted Rate Special Offers(2) APR
5 year RBC Prime Rate
+ 0.000%
RBC Prime Rate
- 0.100%

Today's Royal Bank of Canada Prime Rate:

Today's Royal Bank of Canada Prime Rate
RBC Prime Rate 2.700%

Learn More


1. Interest rate is an annual rate and is compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time.

2. Special Offers are discounted rates and are not the posted rates of Royal Bank of Canada. Specials Offers may be changed, withdrawn or extended at any time, without notice.

The annual percentage rate (APR) is based on a $ 250,000 mortgage for the applicable term assuming a processing fee of $250 (which includes fees associated with determining the value of the property). If there are no cost of borrowing charges, the APR and the interest rate will be the same.

4. Interest rate is compounded monthly, not in advance. This rate may change at any time without notice. Royal Bank of Canada prime rate is an annual variable rate of interest announced by Royal Bank of Canada from time to time as its prime rate.

Applicable to residential mortgages only and subject to Royal Bank of Canada lending criteria for residential properties. Offer may be changed, withdrawn or extended at any time, without notice.


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.

Start Your Pre-Approval


Start Your Pre-Approval

Lock your rate, and know exactly how much home you can afford:


RBC Homeline Plan<sup>®</sup> Calculator


Can't decide between fixed, variable, or Homeline Plan?

Find out which type of mortgage is right for your needs.