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Personal Banking > Lines of Credit & Loans > Personal Loans

Personal Loans

Offering choice, flexibility and structured payments, here’s how a personal loan from RBC Royal Bank could be tailored to meet your needs:

  • Flexible terms. Terms generally range from 1 to 5 years.
  • Fixed and variable rates. You could switch from a fixed rate to a variable rate at any time if prime rate goes down.
  • Easy payment options. Make your payment monthly, semi-monthly, bi-weekly or weekly.
  • No early payment penalties. You can pay off your loan in full without penalty.
  • Skip-a-Payment option. Skip up to the equivalent of 1 monthly payment each year, without penalty.1
  • Optional LoanProtector® life and disability or critical illness insurance provides protection for you and your family.

You and your RBC Personal Loan

You and Your RBC Personal Loans

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There's More to a Loan than Just a Great Rate

There's More to a Loan than Just a Great Rate

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Fixed or variable rate. What’s right for you?

When you apply for an RBC Royal Bank® personal loan, you could choose either a fixed or variable rate loan:

Expand Fixed Rate Loan

With a fixed rate loan:

  • You know for the duration of your loan the exact payment amount you will be making each month.
  • Your interest rate is locked in for the duration of your term—up to 5 years.
  • You could choose an amortization and payment schedule that meets your budget.
  • You could switch to a variable rate loan or pre-pay your loan at any time without penalty.

Expand Variable Rate Loan

If you are not sure what’s right for you, an RBC Royal Bank credit specialist can help you choose.


Calculate Your Loan Payments

Quickly estimate how much your loan payments would be.


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CheckmarkApply for a Personal Loan

  • Apply Now
  • Call 1-800-769-2511 to talk to a credit specialist

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You and Your RBC Personal Loan