{"id":57317,"date":"2023-07-31T19:36:35","date_gmt":"2023-07-31T19:36:35","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/"},"modified":"2025-12-04T13:06:18","modified_gmt":"2025-12-04T18:06:18","slug":"understanding-loans","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/","title":{"rendered":"Understanding Loans"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel pad-b-0 pad-t-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-6ba379fd wp-block-group-is-layout-constrained\">\n<p class=\"h3\">There are many ways to borrow money. Learn how to match your goals with the loans and lines of credit that are right for you.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-fdc154f6-248e-4672-a198-9a427e8dac78\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mob-mar-b-dbl is-layout-flow wp-block-column-is-layout-flow\">\n<article id=\"post-58186\" class=\"loop-post featured-vertical mob-pad-b-dbl post-58186 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-credit-and-debt rbc_content_type-article rbc_lob_group-loans rbc_difficulty_level-beginner rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-understanding-loans\">\n\t<div class=\"col-wpr mar-b-0\">\n\t\t\t\t\t<div class=\"col-md-12 mar-b mob-mar-b-dbl\">\n\t\t\t\t<div \n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Blurred view of a hand holding their credit report\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"680\"\n\t\t\theight=\"453\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Untitled-design-2023-07-26T104945.980.jpg?quality=80&#038;w=680\"\n\t\t\talt=\"Blurred view of a hand holding their credit report\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\tstyle=\"object-position: 50% 50%; \"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 mob-mar-t-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\">\n\t\t\t\t\t\t\t<span>Credit and Debt<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/credit-scores-and-borrowing-understanding-the-crucial-connection\/\" class=\"h3 loop-post-title mar-t-0\">Credit Scores And Borrowing:  Understanding the Crucial Connection<\/a>\n\t\t\t\t\t\t\t<p>From approvals to interest rates. It&#039;s important to understand the significant role your credit score plays when borrowing money.<\/p>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbccom-latest-posts\">\n<article id=\"post-58185\" class=\"single-post-card-wrapper post-58185 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-credit-and-debt rbc_content_type-article rbc_audience-newcomer rbc_lob_group-newcomer rbc_difficulty_level-beginner rbc_mmm_category-banking-in-canada rbc_mmm_category-life-events rbc_mmm_category-new-to-canada\">\n  <div class=\"wp-block-rbc-single-post-card\">\n    <div class=\"latest-post-card\">\n      \t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\">\n\t\t\t\t\t\t\t<span>Credit and Debt<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t              <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/new-to-canada\/banking-in-canada\/building-a-strong-credit-history-in-canada-a-guide-for-newcomers-2\/\" class=\"h4 post-title mar-b-hlf mar-t-0 truncate-third-line\">Building a Strong Credit History in Canada:  A Guide for Newcomers<\/a>\n                    <p class=\"post-description\">Understand how credit works in Canada to help you build your financial future.<\/p>\n          <\/div>\n  <\/div>\n<\/article>\n\n\n\n<article id=\"post-58170\" class=\"single-post-card-wrapper post-58170 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-budgeting rbc_content_type-article rbc_lob_group-loans rbc_difficulty_level-beginner rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-understanding-loans\">\n  <div class=\"wp-block-rbc-single-post-card\">\n    <div class=\"latest-post-card\">\n      \t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/budgeting\/\">\n\t\t\t\t\t\t\t<span>Budgeting<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t              <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/strategies-for-paying-down-debt\/\" class=\"h4 post-title mar-b-hlf mar-t-0 truncate-third-line\">Strategies for Paying Down Debt<\/a>\n                    <p class=\"post-description\">Helpful strategies for paying down your debt, no matter what your financial situation is.<\/p>\n          <\/div>\n  <\/div>\n<\/article>\n\n\n\n<article id=\"post-74539\" class=\"single-post-card-wrapper post-74539 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-personal-finance rbc_content_type-article rbc_lob_group-auto-finance rbc_difficulty_level-beginner rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-understanding-loans\">\n  <div class=\"wp-block-rbc-single-post-card\">\n    <div class=\"latest-post-card\">\n      \t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/personal-finance\/\">\n\t\t\t\t\t\t\t<span>Personal Finance<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t              <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/lending-101-the-facts-about-lending-options\/\" class=\"h4 post-title mar-b-hlf mar-t-0 truncate-third-line\">Lending 101: The Facts about Lending Options<\/a>\n                    <p class=\"post-description\">Understanding the different types of borrowing options can help you determine if one is right for you.<\/p>\n          <\/div>\n  <\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-4bc6dfe3-c463-4b92-87b0-94417d31c030\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<section class=\"wp-block-rbc-section-block section-cool-white pos-rel  pad-t-0 pad-b-0 overflow-hidden has-f-5-f-8-f-9-background-color has-background\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-bc64e08e-2472-45e6-9131-c2adeb7ddb88\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-b-0 mar-t-0\" id=\"h-tools-calculators-amp-courses\">Tools, Calculators, &amp; Courses<\/h2>\n\n\n\n<div class=\"wp-block-rbc-carousel-container is-layout-carousel-carousel is-mobile-per-page-1.2 is-desktop-per-page-3 is-style-full-height-shadow-overflow\"><div class=\"carousel-wpr top-controls desktop-top-right desktop-top-right-dots-hidden mobile-controls-hidden\" data-mobile-per-page=\"1.2\" aria-label=\"Carousel Container\" data-visible-slide=\"3\" data-infinite-loop=\"true\"><div class=\"carousel-ctrl\"><div class=\"carousel-indicators\"><\/div><button class=\"carousel-prev slick-arrow\" aria-label=\"previous slide\"><\/button><button class=\"carousel-next slick-arrow\" aria-label=\"next slide\"><\/button><\/div><div class=\"col-wpr eh-wpr carousel-inner\">\n<div class=\"wp-block-rbc-carousel-inner carousel-item carousel-item-card-link\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-container-core-group-is-layout-5773cda6 wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-3a5424e9 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-rbc-icon-block\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-80\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-calc.svg\" alt=\"icons\/icon-calc\"\/><\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-d7b5ad05-e708-4b93-a3fe-83e33c491c84\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h3 class=\"wp-block-heading\" id=\"h-line-of-credit-and-loan-payment-calculator\">Line of Credit and Loan Payment calculator<\/h3>\n<\/div>\n<a href=\"https:\/\/apps.royalbank.com\/uaw0\/personalloans\/payment\" target=\"_blank\" class=\"carousel-item-card-link\" rel=\"noopener\"><\/a><\/div>\n<\/div><\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-787b25c3-3035-4a42-90e9-9a7ff60600cc\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-b-0 pad-t-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-356db37d-ffe0-4629-9b69-0fcfb1e93131\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0 mar-b-0\" id=\"h-more-from-understanding-loans\">More From Understanding Loans<\/h2>\n\n\n\n<div class=\"wp-block-columns mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\t\t<div class=\" wp-block-rbc-latest-posts wp-block-rbc-latest-posts-type-2\">\n\t\t\t\n<article id=\"post-96482\" class=\"rbc-latest-posts-content-card-type-2 post-96482 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-credit-and-debt tag-managing-money rbc_content_type-article rbc_audience-youth rbc_lob_group-ways-to-bank rbc_difficulty_level-beginner rbc_mmm_category-banking-basics rbc_mmm_category-budgeting rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-understanding-loans\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Young woman sitting on a couch with a credit card in one hand and a smartphone in the other, reviewing a Buy Now Pay Later payment option for a purchase.\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"411\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/01\/shutterstock_2068070435.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"Young woman sitting on a couch with a credit card in one hand and a smartphone in the other, reviewing a Buy Now Pay Later payment option for a purchase.\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\">\n\t\t\t\t\t\t\t<span>Credit and Debt<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/buy-now-pay-later-your-guide-to-how-it-works-when-to-use-it-and-when-to-skip-it\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Buy Now, Pay Later: Your Guide to How it Works, When to Use It and When to Skip It<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Buy Now, Pay Later (BNPL) is a popular payment option if you\u2019re looking to spread out the cost of your purchases. Learn how it works, the risks and&#8230;<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-96482 -->\n\n<article id=\"post-95097\" class=\"rbc-latest-posts-content-card-type-2 post-95097 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-credit-and-debt tag-managing-money rbc_content_type-article rbc_audience-newcomer rbc_audience-parents rbc_audience-youth rbc_lob_group-loans rbc_difficulty_level-beginner rbc_mmm_category-banking-basics rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-money-mindset rbc_mmm_category-understanding-loans\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"A smiling mother hugs her laughing daughter in a cozy kitchen, while another person prepares food in the background.\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/07\/shutterstock_1562611987.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"A smiling mother hugs her laughing daughter in a cozy kitchen, while another person prepares food in the background.\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\">\n\t\t\t\t\t\t\t<span>Credit and Debt<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/how-a-line-of-credit-can-help-you-manage-your-money-in-canada\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">How a Line of Credit Can Help You Manage Your Money in Canada<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Learn how to get the most out of your line of credit.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-95097 -->\n\n<article id=\"post-95063\" class=\"rbc-latest-posts-content-card-type-2 post-95063 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-credit-and-debt rbc_content_type-article rbc_audience-newcomer rbc_audience-students rbc_audience-youth rbc_lob_group-loans rbc_difficulty_level-beginner rbc_mmm_category-banking-basics rbc_mmm_category-banking-tips rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-understanding-loans\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"A happy couple sits on a white couch, playing with their dog, who is lying on its back.\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/07\/shutterstock_183775940.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"A happy couple sits on a white couch, playing with their dog, who is lying on its back.\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\">\n\t\t\t\t\t\t\t<span>Credit and Debt<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/line-of-credit-wins\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Avoid Credit Trouble: How to Manage Your Line of Credit Wisely<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">A line of credit can be a powerful financial tool, if used properly. <\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-95063 -->\n\n\t\t<\/div>\n\n\t\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:30%\">\t\n\t<div class=\"wp-block-tk-spacer id-ccc83ab2-adff-45c4-a746-12178aec2785\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-a3777295-e15e-48ec-85f6-af73312c7e65\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<section class=\"wp-block-rbc-section-block section-cool-white pos-rel  pad-t-0 pad-b-0 overflow-hidden has-f-5-f-8-f-9-background-color has-background\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-54d8569f-7b2c-4df0-b1b6-f9e1698fea1d\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-b-0 mar-t-0\" id=\"h-product-solutions\">Product Solutions<\/h2>\n\n\n\n<div class=\"wp-block-rbc-carousel-container is-layout-carousel-carousel is-mobile-per-page-1.2 is-desktop-per-page-3 default is-style-full-height-shadow-overflow\"><div class=\"carousel-wpr top-controls desktop-top-right desktop-top-right-dots-hidden mobile-controls-hidden\" data-mobile-per-page=\"1.2\" aria-label=\"Carousel Container\" data-visible-slide=\"3\" data-infinite-loop=\"true\"><div class=\"carousel-ctrl\"><div class=\"carousel-indicators\"><\/div><button class=\"carousel-prev slick-arrow\" aria-label=\"previous slide\"><\/button><button class=\"carousel-next slick-arrow\" aria-label=\"next slide\"><\/button><\/div><div class=\"col-wpr eh-wpr carousel-inner\">\n<div class=\"wp-block-rbc-carousel-inner carousel-item carousel-item-card-link\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-container-core-group-is-layout-5773cda6 wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<h3 class=\"wp-block-heading\" id=\"h-mcgill-personal-finance-essentials\">McGill Personal Finance Essentials<\/h3>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-80bb68b1-e428-4d9a-a41e-00e06a073f53\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p><\/p>\n<\/div>\n<a href=\"https:\/\/www.mcgillpersonalfinance.com\/\" target=\"_blank\" class=\"carousel-item-card-link\" rel=\"noopener\"><\/a><\/div>\n<\/div><\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-fe973df9-0380-4646-9170-217d94514b98\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-5e6a17be-f44a-4521-8a98-8cb5655dcae3\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-b-0 pad-t-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-columns mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\t\t<div class=\" wp-block-rbc-latest-posts wp-block-rbc-latest-posts-type-2\">\n\t\t\t\n<article id=\"post-94348\" class=\"rbc-latest-posts-content-card-type-2 post-94348 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-budgeting tag-credit-and-debt tag-managing-money tag-paying-for-school tag-personal-finance tag-students rbc_content_type-article rbc_audience-parents rbc_audience-students rbc_audience-youth rbc_lob_group-loans rbc_lob_group-students rbc_difficulty_level-beginner rbc_mmm_category-credit-and-borrowing rbc_mmm_category-goals-aspirations rbc_mmm_category-going-to-college-or-university rbc_mmm_category-medical-or-dental-students rbc_mmm_category-money-academy rbc_mmm_category-school-and-career rbc_mmm_category-understanding-credit-and-credit-scores rbc_mmm_category-understanding-loans\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Diverse students studying. Represents higher education and financial aid.\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/05\/shutterstock_513707488_0fbed9.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"Diverse students studying. Represents higher education and financial aid.\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/paying-for-school\/\">\n\t\t\t\t\t\t\t<span>Paying for School<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/everything-you-need-to-know-about-student-loans-in-canada\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Everything You Need to Know About Student Loans in Canada<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">A clear guide to student loans, grants, and credit options to help you pay for post-secondary education in Canada.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-94348 -->\n\n<article id=\"post-58142\" class=\"rbc-latest-posts-content-card-type-2 post-58142 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-credit-and-debt rbc_content_type-article rbc_lob_group-loans rbc_difficulty_level-beginner rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-understanding-loans\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Confident woman in glasses counting bills, calculating budget at home\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Untitled-design-2023-07-14T124435.419.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"Confident woman in glasses counting bills, calculating budget at home\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/credit-and-debt\/\">\n\t\t\t\t\t\t\t<span>Credit and Debt<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/how-to-manage-debt-without-sacrificing-your-financial-goals\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">How to Manage Debt Without Sacrificing Your Financial Goals<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Should you pay down debt or save? With the right debt management strategy, it&#039;s possible to do both to reach your financial goals.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-58142 -->\n\n<article id=\"post-82770\" class=\"rbc-latest-posts-content-card-type-2 post-82770 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-home-ownership rbc_content_type-article rbc_lob_group-loans rbc_difficulty_level-beginner rbc_mmm_category-credit-and-borrowing rbc_mmm_category-money-academy rbc_mmm_category-understanding-loans\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Close-up Of Human Hand Protecting Pink Piggybank From Falling Wooden Blocks On Desk\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/01\/Article-Mortgage-protection.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"Close-up Of Human Hand Protecting Pink Piggybank From Falling Wooden Blocks On Desk\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/home-ownership\/\">\n\t\t\t\t\t\t\t<span>Home Ownership<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/credit-and-borrowing\/understanding-loans\/what-is-mortgage-protection-insurance\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">What Is Mortgage Protection Insurance?<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Buying a home is a happy choice for many families, but it\u2019s a big investment. Learn how optional mortgage protection insurance can help safeguard&#8230;<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-82770 -->\n\t\t\t\t\t<div class=\"load-more-button text-center mob-pad-t-hlf pad-t\">\n\t\t\t\t\t\t<button class=\"btn tertiary mar-t-0\">View More Articles<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t<\/div>\n\n\t\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:30%\">\t\n\t<div class=\"wp-block-tk-spacer id-3d5de083-483a-4a70-b6f6-010fd597a327\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-7375194d-9096-4b85-8c16-7783dd566da1\" aria-hidden=\"true\"><\/div>\n\t<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-fdc154f6-248e-4672-a198-9a427e8dac78 {\n\t\theight: 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{\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-7375194d-9096-4b85-8c16-7783dd566da1 {\n\t\t\theight: 64px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":57266,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[],"rbc_content_type":[],"rbc_audience":[],"rbc_lob_group":[],"rbc_difficulty_level":[],"rbc_mmm_category":[319,304,370],"class_list":["post-57317","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","hentry","rbc_mmm_category-credit-and-borrowing","rbc_mmm_category-money-academy","rbc_mmm_category-understanding-loans"],"acf":{"contently_publication_id":"","custom_author":"","rbc_video_header":"","rbc_media_duration":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":"Generate Table Of 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