Our verdict
RBC provides flexible personal loans and lines of credit to Canadians with good to excellent credit scores. If you get a personal loan, you have a choice between a fixed and variable rate, and you can make changes to your payment amount, payment frequency and payment due date through online banking. If you get a line of credit, your interest rate will be variable only, but you can choose between an unsecured line of credit or secured line of credit using your home or investments as collateral.Best for: People with strong credit scores
- Big bank
- Competitive rates
- People with bad credit may not qualify
- Stricter eligibility criteria
RBC Personal Loans is not currently available on Finder
Have you considered LoanConnect Personal Loan?
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- Low interest rates starting at 6.99% for secured loans
- Easy online application process
- Quick deposits within 24 hours of applying
- High loan amounts of up to $50,000 for secured loans
- Lenders can provide bad credit loans