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Key Features

Need something now but don’t want your budget to get off track?
PayPlan by RBC lets you spread the cost of larger purchases over time. After a quick application process, select a plan that works for you and you’ll know upfront how much, and when you’ll pay.

  • Quick and easy
    Go from browsing to buying using a quick, straight forward application process.

  • Pay on your own terms
    Break down larger costs and select the repayment term that’s best for you1.

  • Transparent lending
    No hidden fees or penalties for paying off your loan early.

  • Trust and confidence
    Feel secure in a solution backed by RBC.

How it Works

Shop Online:

Add items to your cart. Choose PayPlan by RBC in the checkout flow of any participating retailer and you could pre-qualify without affecting your credit score2.

Choose Your Plan:

You’re in control. Pick from a selection of provided payment options that work for you and your budget.

Complete Your Purchase:

Get your item now and pay over-time in regular instalments.

Frequently Asked Questions

If your question is about PayPlan by RBC for Merchants, see our Frequently Asked Questions for Merchants.

PayPlan by RBC is a pay-over-time solution that helps you make purchases with equal monthly payments for the selected payment term and at the stated rate. When you sign the Cost Of Borrowing (COB) disclosure with PayPlan by RBC, you agree to accept the terms of taking an instalment loan from RBC.

RBC Royal Bank of Canada is the the lender for all PayPlan by RBC loans.

Our goal is to make your purchases more manageable by helping you pay in a way that fits your budget. The PayPlan by RBC loan includes straightforward, easy-to-understand terms for fair, transparent lending.

Safeguarding your personal information is very important to us. All PayPlan by RBC checkouts use HTTPS secure encryption when transmitting data.

You will be given the option to apply for PayPlan by RBC in the checkout flow of any participating retailer and follow the prompts to pre-qualify, review and accept your terms, and complete checkout. Applying is quick and straight forward.

No. When you finance a purchase with PayPlan by RBC you are applying for an instalment loan with equal monthly payments from RBC.

Pre-qualifying for a PayPlan by RBC loan only results in a soft inquiry and will not affect your credit score. If you accept your loan terms, and complete checkout a credit check will be performed which may have impact to your credit score.

PayPlan by RBC does not currently report loan status to the credit bureaus but we reserve the right to do so in the future.

Personal lending products are offered by Royal Bank of Canada and are subject to its standard lending criteria.