RBC Royal Bank – Apply for a Loan
Contact Information
RBC Royal Bank – Repayment Schedule
Estimated monthly payments at APR 7.99%. Actual payment is determined at loan approval.
| Amount \ Term | 12 mo. | 24 mo. | 36 mo. | 60 mo. |
|---|---|---|---|---|
| $5,000 CAD | $434.92 | $226.11 | $156.66 | $101.36 |
| $10,000 CAD | $869.84 | $452.23 | $313.32 | $202.72 |
| $15,000 CAD | $1,304.76 | $678.34 | $469.98 | $304.07 |
| $20,000 CAD | $1,739.68 | $904.45 | $626.64 | $405.43 |
| $25,000 CAD | $2,174.60 | $1,130.57 | $783.29 | $506.79 |
| $30,000 CAD | $2,609.51 | $1,356.68 | $939.95 | $608.15 |
Representative Example
Loan Amount
$5,500 CAD
Repayment Term
60 months
APR
7.99%
Monthly Payment
$111.49
Total Interest Cost
$1,189.63
Total Amount Payable
$6,689.63
* This example is for illustrative purposes. APR includes the interest rate and any applicable fees. Actual terms are determined upon signing the loan agreement.
Quick Overview
Loan Amount
$1,000 CAD – $50,000 CAD
Term
12 – 60 months
APR from
7.99%
Approval
24 hours
Eligible Age
18+ years
Online Application
Yes
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
Ready to apply?
Go to RBC Royal Bank Official Site ad