Skip Header Navigation

Here are some of the benefits you can expect with an RBC Royal Bank® car loan:

  • Competitive interest rates, whether you finance your vehicle through your branch or at the dealership
  • Amortization periods of up to 7 years let you create an affordable payment amount(1)
  • Easy payment options (you can pay monthly, semi-monthly, bi-weekly or weekly)—plus there’s no penalty to pay off your loan early
  • Optional features available, including Skip-a-Payment®(2) and LoanProtector® life and disability or critical illness insurance(3)
  • Financing for other vehicles too—such as boats, RVs and more

Take ActionNewcomer to Canada?

If you’re new to Canada, our Newcomer Vehicle Program makes it easier to purchase a vehicle with a limited credit history.

Learn More


Fixed or Variable Rate—What's Right for You?

Here's a quick overview of the features and benefits of a fixed versus variable rate car loan:

Expand With a fixed rate car loan

Expand With a variable rate car loan

If you're not sure what's right for you, talk to the finance and insurance manager at your dealer or an RBC Royal Bank credit specialist.


Buying a Vehicle at a Dealership?

RBC Royal Bank automotive financing offers you the convenience of financing your next vehicle at over 3,500 automobile dealerships across Canada.

Find a Dealer


Calculate Your Car Loan Payments

See how your interest rate, down payment amount, amortization and more can affect your loan payments. Compare scenarios to find your best option.

How much would you like to borrow?



Take ActionApply for a Car Loan

  • Apply Now
  • Call 1-800-769-2511 to talk to a credit specialist
  • Find a Dealer and learn about any current offers

Expand View Legal Disclaimers