{"id":949280,"date":"2021-10-29T17:45:27","date_gmt":"2021-10-29T21:45:27","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=949280"},"modified":"2025-05-22T15:00:48","modified_gmt":"2025-05-22T19:00:48","slug":"rbc-car-loan-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/car-loans\/rbc-car-loan-review","title":{"rendered":"RBC car loans review"},"content":{"rendered":"
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\nRelated: <\/span>Best car loans in Canada<\/a>\n<\/div>\n<\/article>

What is RBC?<\/h3>

The Royal Bank of Canada is one of Canada\u2019s \u201cBig Six\u201d banks. It offers a wide range of personal and business banking products to customers, offering Canadians access to credit cards, mortgages, chequing and savings accounts and much more.<\/p>

RBC\u2019s lending products include personal loans, lines of credit, RRSP loans and car loans.<\/p>

Is RBC legit?<\/h3>

Founded in Halifax in the 1860s, RBC has its corporate headquarters in Toronto. It\u2019s one of the largest banks in North America in terms of assets, and employs around 97,000 people.<\/p>

RBC has more than 17 million banking clients around the world and operates in 29 countries. In Canada, it serves customers with a network of over 1,200 branches across the country.<\/p>

In the J.D. Power 2023 Canada Retail Banking Advice Satisfaction Study, RBC ranked first in customer satisfaction with retail banking advice for a third consecutive year.<\/p>

Features of an RBC car loan<\/h3>
Feature<\/th>Details<\/th><\/tr><\/thead>
Loan amount<\/td>From $7,500<\/td><\/tr>
Loan term<\/td>1 \u2013 8 years<\/td><\/tr>
APR<\/td>Varies<\/td><\/tr>
Serviced provinces<\/td>All of Canada<\/td><\/tr>
Eligibility requirements<\/td>Must meet credit score and income requirements, buy a new or used vehicle up to 10 years old<\/td><\/tr><\/tbody><\/table>

What are the interest rates of RBC auto loans?<\/h3>

RBC car loan rates are not listed on the lender\u2019s website. You\u2019ll need to apply for a loan at a dealership to find out what rate you can qualify for.<\/p>

As a general guide, the car loan interest rate you get varies depending on factors such as:<\/p>