RBC offers online loans ranging from $5,000 to $100,000 with a flexible term of 12 to 96 months. The borrowing process is simple and straightforward: choose your desired amount and term, apply for the loan, and then wait for approval. To be eligible, you must be a Canadian resident and meet the age of majority in your province. For instance, if you borrow $10,000 for a term of 1 year, you will be required to pay a total of $11,441, which includes a fee of $1,441.
RBC review
RBC, the Royal Bank of Canada, offers a wide range of loan amounts, from a minimum of $5,000 to a maximum of $100,000. This flexibility allows borrowers to tailor their loans to their specific needs. The loan term is also variable, ranging from 12 to 96 months, providing ample time for repayment.
One of the key features of RBC’s loan service is the ability to apply for loans online, which can reach up to the maximum limit of $100,000. This digital approach makes the loan application process more convenient and accessible for potential borrowers.
The application process itself is straightforward. Firstly, you decide on the loan amount and term that best suits your financial situation. Then, you apply for the loan, either online or in-person. After this, you simply wait for approval, which, if granted, will allow you to receive your loan.
However, there are certain conditions that must be met to be eligible for a loan. Applicants must be residents of Canada and must have reached the age of majority in their respective provinces.
The repayment structure is also clear and transparent. For instance, if you borrow $10,000 with a term of 1 year, the total repayment amount would be $11,441, inclusive of a fee of $1,441. This gives you a clear picture of the financial commitment involved.
In conclusion, RBC provides a flexible and convenient loan service, with a range of loan amounts and terms to suit various financial needs. However, applicants must meet certain residency and age requirements to be eligible.
Table of repayments
| Amount | Fee | Total payment | Term |
| $10.000 | $1 441 | $11 441 | 1 year |
If you will get the loan of $10.000 with the term of 1 year, your totally payment would be $11 441. The fee is $1 441.