Flexible Financing for Your Vehicle Purchase

An RBC car loan will give you a structured payment plan that suits your budget.

It's your choice

You can arrange your car loan at your RBC Royal Bank branch or through a Royal Way dealer who sells the car you want. Click here to find your nearest Royal Way dealer.

With an RBC Royal Bank Car Loan, you can:

• Choose a term of 1 to 7 years.
• Choose from a wide range of payment options — monthly, semi-monthly or even bi-weekly — deducted automatically from your chequing account, even if it's not at RBC Royal Bank.
• Pay more than your fixed payment at any time — or even pay off your loan in full — without penalty.
• Skip up to the equivalent of 1 monthly payment each year⁽³⁾, without penalty.
• Choose fixed (for terms of up to 5 years) or variable interest rates and switch between them at any time.

Fixed Rates	Variable Rates
You know exactly how much interest you'll pay over the term.	You can save if interest rates fall.
Your payment amount and term are unaffected by changes in interest rates.	If interest rates rise, your payments will likely stay the same, but your amortization term will increase. If interest rates fall, payments stay the same and your amortization term will decrease.
You can switch to variable rates at any time if rates fall.	You can switch to fixed rates at any time if rates rise.

Protect Your Dreams

Whether your dream is a new car, vacation or home renovation, it's important to protect it from the unexpected. LoanProtector^® Life and Disability Insurance offers just the solution. Designed to provide financial back up during difficult times, it provides low-cost, valuable protection for you and your family.