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Features and Benefits

Features and Benefits of the Royal Credit Line for Students:

  • No annual Fee There is no annual service fee or cost to set up your line of credit.
  • Pay interest only Only pay the interest on what you owe while you're still in school and continue to pay only the interest for 2 years after graduation or residency.
  • Easy repayment RBC Royal Bank® offers easy and flexible repayment options, plus we will set up a fixed payment schedule to help you repay your loan.
  • Rate doesn't change Your interest rate will not increase after graduation.
  • Easy to accessYou have 24/7 access to your funds and everything you need to manage your funds, including ATM access, free RBC Online Banking, Mobile Banking, Mobile App, and more.

How Do I Qualify?

All applicants for the Royal Credit Line for Students must:

  • Plan to study at a post-secondary school outside of Canada
  • Be a Canadian citizen or have landed immigrant status
  • Have a co-signer

More Tools to Help You Plan

Student Budget Calculator

Figure out how much money you'll need to get through the school year

Debt Reduction Plan

Reducing your debt starts with making a plan.

Talk to a Credit Specialist Today

Your Credit Specialist can sit down with you one-on-one to help you create a secure financial future.

Contact a RBC Credit Specialist

1-866-881-6618

1-866-881-6618

Locate Your Closest Branch

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