Medical/Dental Royal Credit Line Benefits
- Preferred rate of Prime – 0.25% for RBC Healthcare Advantage Plan members for the life of your loan1
- Access up to $350,000 in financing—plus no need to reapply as you transition from student to resident to professional.
- Continue to have access to your line of credit after graduation
- No set-up, annual or withdrawal fees2
- Co-signor not required for eligible medical/dental students or early career professionals
Apply from Home
NEW: Get one-on-one support from an RBC Healthcare Advisor from the comfort of your home
What You Need to Apply
To apply for the Medical/Dental Royal Credit Line, you will need to provide:
- Confirmation that you are enrolled at a Canadian Medical/Dental educational institution as an active student.
- The following can be used as confirmation of enrolment:
- Invoice or receipt of payment for tuition
- Proof of enrolment letter from the Registrar’s Office
- Registered Education Savings Plan (RESP) Verification of Enrolment Form
- Course schedule
- An estimate of your education costs (including tuition, supplies, fees, accommodations, food, travel, etc.) Get started with our Student Budget Calculator
- A list of your financial resources (including RESPs, scholarships/bursaries, government funding, summer employment, etc.)
- Proof that you are a Canadian citizen or permanent resident
Student Budget Calculator
Figure out how much money you may need to get through the school year.
Get StartedTalk to an RBC Healthcare Specialist Today
Our advisors will help you select the credit solution that is right for you.
or Call us at 1-833-395-8118
Legal Disclaimer
Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria.
Legal Disclaimer1)
RBC Healthcare Advantage Plan (“Plan”): Eligible healthcare professionals can join the RBC Healthcare Advantage Plan by having (i) an RBC VIP Banking account and (ii) an RBC Avion Visa Platinum, RBC Avion Visa Infinite, RBC Avion Visa Infinite Privilege, WestJet RBC World Elite Mastercard, RBC Rewards Visa Preferred, or RBC British Airways Visa Infinite credit card, either as a primary applicant or a co-applicant.
Prime–0.25% offer is available to Plan members. Interest rate is compounded monthly, not in advance. Prime Rate means the variable annual interest rate announced by Royal Bank of Canada from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada. The Royal Credit Line rate quoted is subject to change based on changes to the Royal Bank Prime Rate. The discounted rate is subject to change at any time without notice.
Prime–0.25% offer is available to Plan members. Interest rate is compounded monthly, not in advance. Prime Rate means the variable annual interest rate announced by Royal Bank of Canada from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada. The Royal Credit Line rate quoted is subject to change based on changes to the Royal Bank Prime Rate. The discounted rate is subject to change at any time without notice.
Legal Disclaimer2)
There is no charge to withdraw funds via ATM or transfer out of RCL. Two Royal Credit Line cheques may be written during each monthly cycle without charge. A $2.00 Royal Credit Line Cheque Fee applies to each cheque thereafter—and a charge for cheque orders that depends on the design and quantity of the cheques you choose. Refer to your Royal Credit Line Agreement for details.