This Promotional Offer from Royal Bank of Canda ("RBC") is comprised of a Cash Offer component and a Points Offer component, as described below. In order to be eligible for and obtain the applicable benefit of the Points Offer component of the Promotional Offer, you must first qualify for the Cash Offer component by meeting its applicable terms and conditions.

Cash Offer Component Terms & Conditions:

Provided you meet the terms and conditions described below, you may qualify to receive the applicable cash amount deposited to an RBC “Eligible Personal Deposit Account” (as described below).

An “Eligible Mortgage Application” is a new personal residential mortgage application or a switch mortgage application (i.e., a mortgage switched to RBC from another mortgage lender) that results in a written mortgage pre-approval or approval, containing an interest rate commitment, dated between July 1, 2025 and August 31, 2025 (inclusive), in Canada only. The mortgage must fund within 120 days from the date shown on your rate commitment and in no event later than December 29, 2025. Offer available only for new or switched-in mortgages or RBC Homeline Plan mortgage segments of the following types and terms:

• 3-year fixed interest rate closed mortgage
• 4-year fixed interest rate closed mortgage
• 5-year fixed interest rate closed mortgage
• 5-year variable closed mortgage

The following sets out the cash amount that you will be eligible to receive for an eligible new or switched-in mortgage or RBC Homeline Plan mortgage segment based on its principal amount:

• $500 for a mortgage loan of $100,000 to $299,999;
• $1,000 for a mortgage loan of $300,000 to $499,999;
• $1,500 for a mortgage loan of $500,000 to $749,999;
• $3,000 for a mortgage loan of $750,000 to $999,999;
• $3,500 for a mortgage loan amount of $1,000,000 or more.

If you open a new RBC Homeline Plan^® account, you may be eligible to receive the Cash Offer component based on the total principal amount(s) in the mortgage segment(s) of your RBC Homeline Plan.

This offer is limited to personal clients with new or switched-in residential mortgages or new mortgage segment(s) within a new RBC Homeline Plan in respect of owner-occupied residential dwellings only. Non-personal clients, and mortgages / RBC Homeline Plan mortgage segments in respect of commercial/investment properties and/or properties not owner-occupied, are excluded.

This offer is also not available in respect of any of the following transactions: an amendment to an existing mortgage with RBC; an advance of additional funds; a mortgage renewal; a new mortgage segment within an existing RBC Homeline Plan; a mortgage portability transaction; or a transfer of an existing mortgage with RBC to an RBC Homeline Plan. You may contact us for additional details and/or to confirm your eligibility. Offers may be combined or used in conjunction with only certain other RBC offers, and only as and to the extent permitted under the terms and conditions of such other RBC offers. Contact your RBC Mortgage Specialist for additional details. This offer is subject to RBC’s standard lending criteria for residential mortgages. Offer may be withdrawn or amended without notice at any time.

NOTE: To receive the applicable cash benefit, you must have or open an RBC Royal Bank Canadian dollar “Eligible Personal Deposit Account” (as described below) or an RBC Private Banking Account, and you must use it to make at least one payment for your mortgage by January 28, 2026. An “Eligible Personal Deposit Account” means one of the following RBC personal deposit account types: RBC Staff Banking, RBC VIP Banking, RBC Advantage Banking, RBC Advantage Banking for Students, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC Day to Day Savings, RBC Enhanced Savings, RBC High Interest eSavings. If you have more than one Eligible Personal Deposit Account, we reserve the right to choose, in our sole discretion, the Eligible Personal Deposit Account to which your cash benefit will be credited. The cash benefit will be credited within eight weeks following the date that all the qualifying criteria are met, as determined by us in our sole discretion. If you do not have an Eligible Personal Deposit Account by December 29, 2025 and make a mortgage payment from an eligible account by January 28, 2026, you will be deemed to have not qualified for this offer and will not be eligible to receive its benefits. RBC reserves the right to charge your account if you payout your mortgage before the end of your term.

RBC Avion Points Offer Component Terms & Conditions:

In addition to the Cash Offer (if applicable), if your “Eligible Mortgage Application” (as described above) is for a mortgage or RBC Homeline Plan mortgage segment with a principal amount of $100,000 or more for properties located in Ontario, Alberta, British Columbia, Northwest Territories, Yukon, or Nunavut, or $75,000 for properties located in New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland & Labrador, Manitoba, Saskatchewan, or Quebec, you are eligible to earn 55,000 RBC Avion points (“Bonus Points”). Mortgage must fund within 120 days of the interest rate commitment start date and no later than December 29, 2025. Offer is eligible only for a new or switched RBC closed mortgage with a three to five-year fixed interest rate or a five-year variable rate term.

To qualify to receive the Bonus Points, you must (i) have qualified to receive the Cash Offer component of the Promotional Offer, and (ii) before December 29, 2025, have an “Eligible Personal Deposit Account” (as described below) that is enrolled in the RBC Value Program, or open an Eligible Personal Deposit Account and enroll it in the RBC Value Program. Eligible Personal Deposit Accounts include: RBC Staff Banking, RBC VIP Banking, RBC Advantage Banking, RBC Advantage Banking for students, RBC Signature No Limit Banking, RBC No Limit Banking, RBC Day to Day Banking, RBC Student Banking, RBC No Limit Banking for Students, RBC Day to Day Savings, RBC Enhanced Savings, RBC High Interest eSavings. For more information on the RBC Value Program please visit: https://www.rbcroyalbank.com/onlinebanking/servicech/pdf/br-value-program.pdf

If you qualify to receive the Bonus Points by meeting all applicable terms and conditions, the Bonus Points will be deposited to the RBC Avion points account tied to your Eligible Personal Deposit Account within eight weeks after meeting all the criteria for an “Eligible Mortgage Application”, as described above.

If you do not have an Eligible Personal Deposit Account that is enrolled in the RBC Value Program by December 29, 2025, you will be deemed to have not qualified for the Bonus Points and will therefore not receive them.

Other Terms & Conditions Applicable to the Promotional Offer:

Limit of one Promotional Offer (i.e., limit of one Cash Offer and one Points Offer) per funded eligible mortgage or RBC Homeline Plan with a mortgage segment.

Royal Bank of Canada reserves the right to cancel, modify or withdraw the Promotional Offer or any component thereof at any time, with or without notice to you.

® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.

To retain the full cash amount and/or Bonus Points you received under the terms of this Promotional Offer, the eligible mortgage opened in order to qualify for this Promotional Offer must remain open until the end of its term. Should your mortgage be repaid or otherwise closed or discharged prior to the end of its term, we reserve the right to demand full or partial repayment of the cash amount, the Bonus Points or their cash equivalent, and/or any other incentive or amount you received in connection with opening the applicable mortgage. By participating in this Promotional Offer, you agree to repay all such amounts when required by us to do so. For further details, you may refer to your mortgage loan documents and/or speak to an RBC advisor.

If you are an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder (“RBC Avion Cardholder”), 55,000 Avion points can be redeemed for a round trip long-haul flight to Mexico, Hawaii or Alaska from Eastern Canada or the United States, and to Bermuda, Central America, Caribbean from Western Canada or the United States, with a maximum ticket price of $1,100. All applicable taxes, service fees and surcharges are the responsibility of the traveler. For more details, including information on redeeming for first class and business class seats, visit: https://www.avionrewards.com/travel/index.html(opens new window). If you are not an RBC Avion Cardholder, different redemption rates apply. Avion points can also be redeemed for travel, gift certificates/cards, brand name merchandise, and more. All rewards are subject to availability and may change without prior notice. For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com(opens new window) or call 1-800 ROYAL 1-2 (1-800-769-2512).

For switch transactions we will pay, when applicable, the basic title insurance fee (up to $700 for properties located in New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland & Labrador, up to $1,400 for properties located in Quebec, or up to $500 for properties located in the rest of Canada); processing fee (up to $300); and one discharge fee (up to $300 maximum discharge fee, except for properties located Quebec). Offer excludes mortgage prepayment charges (“breakage fees”) that you may have to pay. Additionally, in order to qualify, your mortgage with RBC must have a minimum principal amount of $100,000 or more for properties located in Ontario, Alberta, British Columbia, Northwest Territories, Yukon, or Nunavut, or $75,000 for properties located in New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland & Labrador, Manitoba, Saskatchewan, or Quebec). Offer eligible only for switch transactions carried out using an RBC-approved title insurance service provider and only for a new RBC closed mortgage with a three-year or greater fixed interest rate or a five-year variable rate term.

For the purposes of repayment, 55,000 Avion Points is deemed equivalent to $550 in cash for repayment of the promotional offer. The cash value of your Avion Points calculated on a pro rata basis to determine the total repayment amount.

The content of these pages is provided for informational purposes only and is not complete in detail. Coverage is optional and is governed by the terms and conditions of creditor’s group insurance policies #G60100 for life insurance, #H60200 for critical illness insurance and #H60101 for disability insurance, issued to Royal Bank of Canada by The Canada Life Assurance Company. This insurance is subject to terms, conditions, exclusions and eligibility restrictions. Please see the HomeProtector Certificate of Insurance and for Quebec residents, the Fact Sheet and Product Summary.

Underwritten by The Canada Life Assurance Company

90-Day Review Period Terms & Conditions:

Provided you meet the terms and conditions described below, you will qualify for the 90-day review period for your HomeProtector insurance on your RBC mortgage. If you decide you do not need this valuable coverage, you can receive a refund of premiums paid if you contact us within 90 days from:

• The date your HomeProtector Application is approved; or
• The date the funds are advanced or made available for use.

A full refund of any Insurance premiums will be issued, if any have been collected and the eligibility criteria have been met, provided no claim has been made. Upon cancellation and the refund of the premium, coverage will be deemed never to have been in force.

The following terms outline the eligibility criteria:

To qualify, a HomeProtector application must be submitted between July 1, 2025, and August 31, 2025 (inclusive), in Canada only. The insured mortgage must be at least $100,000 and fund within 120 days from the start of the mortgage commitment and no later than December 29, 2025.

This 90-day review period is limited to personal clients whose HomeProtector application is for:

• a new residential mortgage;
• a builder mortgage
• a mortgage segment within a new RBC Homeline Plan; or
• a mortgage switched to RBC from another financial institution on an owner-occupied residential dwelling only.

Non-personal clients, commercial/investment properties, and properties not owner-occupied are excluded.

This 90-day review period is also not available in respect of any of the following mortgage transactions:

• an amendment to an existing mortgage with RBC;
• an advance of additional funds;
• a mortgage renewal;
• a construction mortgage;
• a new mortgage segment within an existing RBC Homeline Plan;
• a mortgage portability transaction; or
• a transfer of an existing mortgage with RBC to an RBC Homeline Plan.