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Personal Banking > Loans & Lines of Credit > Understanding Credit

Understanding Credit

Understanding Credit Understanding how credit works and knowing the terminology can help you reach your financial goals and save you money. This section is a great place to get started—it includes an overview of credit, how interest rates work, questions and answers about credit ratings, borrowing tips and more.

General Credit FAQs

Explore frequently asked questions about several general credit topics.

Credit Rating FAQs

Find answers to commonly asked questions about credit ratings—including the credit bureaus, your credit report and more.

How Interest Rates Work

Explore the various factors that impact interest rates and get tips on qualifying for lower rates.

Credit Approval Process

Understand how RBC Royal Bank® evaluates credit applications and get tips for increasing your chances of being approved.

5 Principles of Better Borrowing

Apply these five principles to get more for your money and meet your borrowing goals.


We're Here to Help

For tips and expert advice on managing your credit, call 1-800-769-2511 to talk to a credit specialist.