Royal Credit Line is the convenient way to borrow

Royal Credit Line puts personal credit at your command.

With Royal Credit Line, you have the security of knowing funds are available at any time — for whatever purpose you wish — without having to re-apply for a loan.

And you have the convenience of accessing your Royal Credit Line through Online and Telephone Banking and at RBC Royal Bank's extensive network of Personal Touch Banking^® machines and Cash Counters^TM.

Superior payment flexibility

Royal Credit Line's superior payment flexibility lets you adjust your repayment schedule according to what suits you best. You can even choose to pay interest only each month!

Instant access to funds when you need them

With Royal Credit Line, you have instant access to the available balance of your credit line.

You're free to borrow any amount, for any reason, at any time. For example, you might want to use your Royal Credit Line to:

• pay for home or cottage improvements
• buy a car
• take advantage of investment opportunities
• make RSP contributions
• take care of vacation expenses
• cover tuition fees

If any unexpected expenses come your way, you'll be able to handle them with the confidence and certainty of knowing the funds are there at your command.

No cost until you use it

There's no cost for you to have a Royal Credit Line ready and available. You are charged monthly interest only on the amount you use, for the time you use it.

Personally designed to suit your needs

Royal Credit Line can be tailored to meet your personal financial needs. Here are the details of how it works:

• A Personal Banker will help you establish your Royal Credit Line limit (minimum $5000).

  Your limit will depend upon your personal financial situation, your individual needs, and whether or not you want to use personal assets as security for some or all of your Royal Credit Line.

• You can get an even better rate when you use the available equity you've built up in your home, or any other liquid assets you may have, to secure your Royal Credit Line. And you can secure a large enough amount of credit to satisfy all your personal credit needs.

  This is ideal if you are considering buying a vacation property or taking advantage of other major investment opportunities, because you can borrow larger amounts at Royal Credit Line's competitive interest rates.

  If you are buying or refinancing a home, you can save on total legal costs by applying for a Royal Credit Line at the same time as your first mortgage.⁺

• You can set up more than one Royal Credit Line to help you manage your finances more efficiently.

  For example, you may want one Royal Credit Line to pay for home or cottage improvements and another one to help you segregate your investment borrowing costs for tax reporting.

• You can choose from a variety of principal and/or interest payment options to suit your needs.
• You select the dates of the month that are best for you to make payments and receive statements.