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Royal Bank of Canada Student Loans of september 2023

Apply for an RBC Student Loan verified by our specialists. On 29.09.2023 3 Student Loans are available to you. Increase your chances of getting a loan — fill out an online application with a free credit rating check.
Offers: 3
Updated
29.12.2022
15:08
Royal Credit Line for Medical and Dental Students
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
up to $350,000
Royal Credit Line for Students in Professional Studies
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
up to $200,000
Royal Credit Line for Students
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
starting at $5,000
Online Loan Application of September 2023
Loan amount
i

Enter the desired loan amount

1000 C$
10000 C$
Loan term
i

Specify the loan term for the calculation

1
60

You are able to pick a loan with discount. You can receive money in: 15m

Online Loan Application of September 2023
Your data is securely protected
Loan amount
0 C$
Loan term
0 months
Loan comission
i

Here is the average overpayment on a loan based on data from lenders in Canada.

2 050 C$
More
Fill out an application
Fill out an application
On our website you can fill out a short application form for a loan.
Pass a credit check
Pass a credit check
We will offer you to check your credit rating online for free.
Send your application online to the suggested companies
Send your application online to the suggested companies
After checking your credit rating, you will be able to send the loan application to the appropriate companies.
Wait for a response from the lender
Wait for a response from the lender
If necessary, the lender will contact you to clarify the details.
Get your loan!
Get your loan!
Get the money to your bank account or in cash at the bank branch.
Your data is securely protected
MDG
1
Geraldine Little
Geraldine Little
28.08.2023 at 16:06
Removed money from my bank account, to apparently verify my bank account. Then denied my application because I live in a unorganized township that does not have a physical address...
Review
Money Mart
1
Jessica skjeie
Jessica skjeie
06.03.2023 at 06:39
Bad customer service they can never fix your problems...
Review
GoDay
1.6
JUDGEV
JUDGEV
26.05.2022 at 15:46
the application is easy and takes less then 5 mins to fill out. but the funding time is quite long. if looking for instant funding then its not here...
Review

Types of RBC Student Loans

Student lines of credit from RBC provide access to the financing needed to pay for school. There are the following lending solutions for students:

  • The Royal Credit Line for post-secondary school students
  • Royal Credit Line for students in Professional Studies
  • Medical/Dental Royal Credit Line for Medical and Dental Students.

How to apply for an RBC Student Loan?

You can apply for a student line of credit by phone from the comfort of your home, or in person at the RBC office.

Requirements

The eligible categories of borrowers for student lines of credit are Canadians and landed immigrants.

Before applying, be sure to prepare the following documents:

  • Confirmation of your enrolment at an educational institution of a certain type.
  • An estimate of your education costs.
  • A list of earnings you have — RESPs, scholarships/bursaries, government funding, or summer employment.

Pros and cons

The key benefits of student lines of credit from RBC are competitive rates, credit limits to match your program costs and a flexible repayment timeline. With the RBC Student Budget Calculator, you can get an idea of how much money you'll need to get through the school year.

As for the disadvantages, applying for The Royal Credit Line requires having a co-signer.

How to make a payment?

To manage your student line of credit, you can use the RBC Mobile Student Edition App. With this app, you can pay your student expenses, make loan payments, and transfer money between your accounts.

FAQ

What are the interest rates for student loans and lines of credit?

Financing options for students feature low-interest rates based on RBC Prime Rate — the variable annual interest rate announced by us from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada.

Can I use the RBC Mobile App to manage my student loan?

RBC Mobile app allows you to manage your loans and lines of credit, and student loans are not an exception. Transfer money between your accounts, make loan payments, and pay your student expenses right from the app.

What if I’m studying outside Canada?

All student loan applications are subject to credit approval. In case you are studying outside Canada, you might need to have a co-signer.