RBC Royal Bank – Personal Loan
RBC Royal Bank is Canada's largest bank offering personal loans with competitive rates and a fully digital application process.
Applying does not obligate you to accept a loan offer.
RBC Personal Loan – Rates & Review 2025
RBC Royal Bank is Canada's largest bank by market cap and a trusted provider of personal financing. RBC personal loans feature straightforward terms and a streamlined online application.
RBC Loan Products
RBC offers personal loans, lines of credit, and student loans. Personal loan amounts start at $1,000 with flexible repayment terms.
Key Features
RBC stands out with its fully digital application — no branch visit required. Decisions are typically made within 24 hours and funds deposited to your account the next business day.
✓ Pros
- Fully digital process
- Fast decisions
- Canada's most trusted bank
- Wide product range
✗ Cons
- Higher rates for lower credit scores
- Limited loan amounts
- May require existing RBC account
Loan Example
Example: $8,000 loan for 48 months at 10.99% APR = monthly payment of $205.66, total payable $9,871.68.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ Canadian resident
- ✓ Verifiable income
- ✓ Credit score 650+
- ✓ Active bank account
Loan Features
- Fully digital application
- Decision in 24 hours
- Flexible repayment options
- Fixed and variable rate options
- Canada's largest bank
Frequently Asked Questions
24 hours after submitting your application.
The minimum amount at RBC Royal Bank is $1,000 CAD.