A Royal Credit Line could save you money and time, and help you easily manage your credit. Here are some of the valuable benefits that you can enjoy:
Save thousands of dollars a year in interest—rates are typically lower than those offered by credit cards.
Plus, there is no fee to withdraw funds.1disclaimer
Withdraw funds at the ATM, write cheques2disclaimer from your account, or transfer money through RBC Online Banking.
Once you pay down your balance—no need to re-apply.
Make just the minimum payment3disclaimer, or pay more to reduce your balance. You can also make changes to your payment account, payment amount, payment frequency or payment due date through RBC Online Banking.
LoanProtector® life and disability or critical illness insurance provides protection for you and your family.
When you apply for a Royal Credit Line, you can choose to apply for either a secured or unsecured line of credit:
If you are not sure what's right for you, an RBC Royal Bank credit specialist can help you choose.
Quickly estimate how much your minimum payments would be on a line of credit.