Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Royal Finances Review

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About lender

Royal Finances, a financial institution in Canada, offers a range of services tailored to meet the diverse needs of its clients. From short-term loans to financial advising, Royal Finances prides itself on providing solutions that are both accessible and secure. With a commitment to customer satisfaction, the company ensures that individuals have access to the funds they need, regardless of their credit history.

Through competitive rates and flexible repayment options, Royal Finances strives to support its clients in achieving their financial goals. Whether it's covering unexpected expenses, making a major purchase, or re-establishing credit, the institution's dedicated team of advisors is readily available to assist clients in navigating their financial arrangements. With a focus on transparency and efficiency, Royal Finances remains a trusted partner for individuals seeking reliable financial support.

Royal Finances


  • Competitive Rates. Royal Finances offers competitive interest rates on its financial products, ensuring affordability for its clients.
  • Flexible Repayment Options. Clients have the flexibility to choose repayment terms that suit their financial situation, with options for weekly, bi-weekly, or monthly payments.
  • No Credit Investigation. Royal Finances does not conduct credit investigations, making it easier for individuals with varying credit histories to obtain financial assistance.
  • Fast and Easy Application Process. The application process for loans and other financial services is streamlined, allowing clients to access funds quickly and with minimal documentation required.

Pros and cons


Dedicated Customer Support. Royal Finances provides personalized assistance to clients throughout the application process and beyond, ensuring a positive and supportive experience.

Online Accessibility. Clients can conveniently access Royal Finances' services from their computers or mobile devices, making it easy to manage their finances anytime, anywhere.

Loyalty Rewards. Clients who demonstrate loyalty by renewing their contracts may be eligible for privileges such as higher loan amounts and improved interest rates.


Limited Loan Amounts. While Royal Finances provides access to fast cash, the maximum loan amounts may be lower than what some individuals require for larger financial needs.

Debt Accumulation Risk. Depending on individual circumstances, taking out multiple short-term loans from Royal Finances could lead to a cycle of debt accumulation and financial difficulties.

Lack of Credit Investigation. While the absence of credit investigations can be advantageous for some clients, it also means that the institution may lend to individuals who may struggle to repay the loan, increasing the risk of default.


Royal Finances demonstrates a degree of reliability, as indicated by its presence on Trustpilot with a rating of 4.7. This positive rating suggests that many customers have had satisfactory experiences with the company's services. However, it's worth noting that other reviews outside of Trustpilot are scarce, which may limit the overall assessment of the company's reliability. While a high rating on Trustpilot can be an indicator of trustworthiness, individuals need to consider other factors such as the company's reputation, customer service, and transparency before making decisions about financial transactions with Royal Finances.

How to apply for a Royal Finances loan?

  1. Visit the Website. Start by visiting the Royal Finances website from your computer or mobile device. The website provides all the necessary information about the loan products offered and the application process.

  2. Choose Your Loan. Explore the range of loan options available and select the one that best fits your financial needs. Whether you require a small loan for unexpected expenses or a larger sum for a major purchase, Royal Finances offers flexible solutions to suit various situations.

  3. Complete the Application Form. Once you've chosen the loan that meets your requirements, fill out the online application form. Provide accurate information about yourself, including your name, contact details, employment status, income, and banking information.

  4. Submit Required Documents. Depending on the loan product and your individual circumstances, you may need to submit additional documents to support your application. This could include a recent pay stub, bank statements, or identification documents.

  5. Review Terms and Conditions. Before finalizing your application, take the time to review the terms and conditions associated with the loan. Ensure that you understand the repayment schedule, interest rates, fees, and any other relevant details.

  6. Submit Your Application. Once you've completed the application form and provided all necessary documents, submit your application online. Royal Finances' secure online platform ensures that your information is protected throughout the process.

  7. Receive Funds. Upon approval, the funds will be deposited directly into your bank account. Depending on the time of day and banking procedures, you may receive the funds on the same day as approval.


  • Repayment Terms. Borrowers can choose repayment terms of 3, 6, or 12 installments, depending on their pay frequency and financial situation.
  • Interest Rates. The interest rate for loans from Royal Finances is fixed at 24% per annum, ensuring transparency and predictability in borrowing costs.
  • Renewal Options. Borrowers nearing the end of their repayment period or in need of additional funds may be eligible to renew their loan, subject to meeting the necessary criteria.
  • Loyalty Rewards. Clients who renew their contracts with Royal Finances may enjoy privileges such as higher loan amounts and improved interest rates, rewarding customer loyalty.


  • Age. Borrowers must be at least 18 years old to qualify for a loan with Royal Finances, adhering to legal age requirements.
  • Income Verification. Borrowers must provide proof of income, such as recent pay stubs or bank statements, to demonstrate their ability to repay the loan.
  • Canadian Residency. Applicants must be Canadian residents with a valid Canadian address to be eligible for a loan.
  • Bank Account. Borrowers must have an active Canadian bank account in their name to facilitate loan disbursement and repayment.
  • Identification. Valid government-issued identification, such as a driver's license or passport, is required to verify the borrower's identity.
  • Contact Information. Borrowers must provide accurate contact information, including a phone number and email address, for communication purposes.
  • Employment Status. While employment is not always a strict requirement, borrowers must have a stable source of income to qualify for a loan.

Ways to receive the money

  • Direct Deposit. The most common and convenient method is direct deposit. Once the loan application is approved, the loan amount is deposited directly into the borrower's Canadian bank account. This ensures fast and secure access to the funds without the need for additional steps.
  • Interac e-Transfer. Alternatively, borrowers may opt to receive the loan amount via Interac e-Transfer. With this method, the funds are transferred electronically to the borrower's email address, allowing for quick access to the money. The borrower can then deposit the funds into their bank account or use them as needed.


Short-Term Loans. Short-term loans are designed to provide quick access to funds for individuals facing unexpected expenses or financial emergencies. These loans offer flexibility in repayment terms and are repaid throughout three, six, or twelve installments, depending on the borrower's pay frequency.

Reasons you may be denied a Royal Finances loan

  • Insufficient Income. Royal Finances requires borrowers to have a stable source of income to ensure their ability to repay the loan. If the applicant's income is deemed insufficient to cover the loan payments, the application may be denied.
  • Poor Credit History. While Royal Finances does not conduct credit investigations, a poor credit history with other lenders may still impact the application. Individuals with a history of defaulting on loans or having a high level of outstanding debt may be deemed higher risk and therefore denied a loan.
  • Incomplete Application. Failure to provide accurate and complete information on the loan application can result in denial. Missing documentation or incomplete details may hinder the lender's ability to assess the borrower's eligibility and creditworthiness.
  • Outstanding Loans. If the applicant already has multiple outstanding loans or is currently in a debt management program, Royal Finances may deny the application due to concerns about the borrower's ability to manage additional debt responsibly.

How to repay a Royal Finances loan

  1. Choose Your Repayment Schedule. Once you've received your loan from Royal Finances, review your loan agreement to determine the repayment schedule. You'll have the flexibility to choose from three, six, or twelve installments, depending on your pay frequency.

  2. Prepare Your Payment. Before your scheduled payment date, ensure that you have sufficient funds in your bank account to cover the repayment amount. You can use your online banking platform to monitor your account balance and schedule the payment accordingly.

  3. Make Timely Payments. On your scheduled payment date, Royal Finances will automatically withdraw the repayment amount from your bank account. It's essential to ensure that you have enough funds available to avoid any overdraft fees or penalties.

  4. Monitor Your Account. Keep track of your loan payments and monitor your bank account regularly to confirm that the payments are processed successfully. If you encounter any issues or discrepancies, contact Royal Finances' customer support team for assistance.

  5. Consider Renewal Options. If you're nearing the end of your loan term and need additional funds or wish to renew your loan, reach out to Royal Finances to discuss your options. You may be eligible for renewal privileges, such as increased loan amounts and improved interest rates, as a loyal customer.

Editorial opinion

Royal Finances, as a financial institution, presents itself as a viable option for individuals seeking quick access to funds, regardless of their credit history. While the institution offers competitive rates and flexible repayment options, it's important for borrowers to carefully consider the terms and conditions before committing to a loan. While Royal Finances' no credit investigation policy may appeal to some, borrowers must assess their ability to repay the loan responsibly and avoid potential debt accumulation. As with any financial decision, individuals should exercise caution and ensure that they fully understand the implications of borrowing from Royal Finances before proceeding.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Verify that the lender is registered with the appropriate regulatory authorities in Canada, such as the Financial Consumer Agency of Canada (FCAC), or is licensed to operate in your province.
  2. Check if the lender is a member of reputable industry associations in Canada, such as the Canadian Bankers Association (CBA) or the Canadian Lenders Association (CLA).
  3. Thoroughly review all terms and conditions outlined in your loan agreement. Understand the repayment schedule, interest rates, fees, and any penalties for late payments or defaults.
  4. Ensure that the contract clearly states the annual percentage rate (APR) and the total cost of borrowing, including any administrative fees or additional charges.
  5. Familiarize yourself with your rights regarding loan cancellation or early repayment. Canadian consumers have the right to cancel a loan within two business days after signing the agreement, without penalty.
  6. Research the lender's reputation by checking customer reviews, complaints, and feedback on reputable online platforms, as well as through resources provided by organizations like the Better Business Bureau (BBB).


At Finanso, we've carried out a comprehensive analysis of over 70 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional resources

  • Royal Finances Customer Reviews



What is Royal Finances?

Royal Finances is a company specializing in short-term loans, established for several years and committed to providing fast, secure loans regardless of credit history. They cater to individuals seeking financial assistance for personal needs, offering loans with repayment options spanning three, six, or twelve installments, aligning with the borrower's pay frequency. Their services extend to companies holding a moneylender's permit with the Office de la Protection du Consommateur du Québec, ensuring compliance with regulatory standards and providing a secure lending environment.

How quickly the funds can be received?

Funds from Royal Finances can be received swiftly, with same-day deposit available if all required documentation is submitted by 10:30 a.m. The institution offers various methods for receiving funds, including direct deposit and Interac e-Transfer, ensuring accessibility and convenience for borrowers in need of immediate financial assistance.

How do you qualify for Royal Finances?

To qualify for a loan with Royal Finances, applicants must meet certain requirements, including being at least 18 years old and a Canadian resident with a valid Canadian address. Additionally, applicants need to provide proof of income, such as recent pay stubs or bank statements, to demonstrate their ability to repay the loan. Royal Finances does not conduct credit investigations, making it accessible to individuals with varying credit histories.

How much can you borrow from Royal Finances?

While Royal Finances offers various loan products tailored to different financial needs, specific loan amounts are not disclosed in the provided information. Borrowers are encouraged to contact Royal Finances directly or visit their website for detailed information on loan amounts available for each product. Despite the lack of specific figures, Royal Finances emphasizes flexibility in loan amounts, ensuring that individuals can access the funds they need to address their financial concerns.

Is Royal Finances a legitimate company?

Royal Finances appears to be a legitimate financial company specializing in short-term loans. The company's establishment for several years and its focus on providing fast and easy deposit options suggest a level of credibility and reliability. Additionally, the company's commitment to assisting individuals with various financial needs, coupled with its transparent terms and conditions, further supports its legitimacy. However, individuals should exercise caution and conduct thorough research before engaging with any financial institution, including Royal Finances, to ensure that it meets their specific needs and requirements. 

No one is immune to financial uncertainty and few of us have enough room to maneuver. Others want to realize a project, realize a dream or even make a major purchase. Regardless of your situation, we are committed to helping you get a fast, secure loan regardless of your credit history.

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