Moving your outstanding credit balances to one low rate payment could save you money and time—making it easier to manage your money. Here are some of the benefits that may come with consolidating your outstanding debt:
By consolidating your balances into a line of credit or loan with a lower interest rate.
By moving to one monthly payment.
By centralizing your debt at one financial institution.
By making the minimum payment1disclaimer only on an unsecured credit line; you could pay more anytime your budget allows.
To secure an even lower rate.
Managing your debts is all about making sure you have the right borrowing solution. An RBC Royal Bank® credit specialist could tailor one of the solutions below to help you reduce or eliminate your debt:
A fixed rate loan from RBC Royal Bank could help you repay debt by a set date:
The Royal Credit Line is a flexible way to pay down your debt at a lower interest rate:
If you're buying a home and have a 20% down payment, or you're a homeowner with at least 20% equity in your home, the RBC Homeline Plan could help you consolidate your debt. With the RBC Homeline Plan:
Find out what your new monthly payments would be when you consolidate your debts to RBC Royal Bank®.
Create your personalized debt reduction plan to improve your cash flow and reduce your debt sooner.