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Private Banking Financial Solutions

 

At RBC Bank, we recognize your unique financial position sometimes presents certain challenges or opportunities where you require quick access to cash. That’s why RBC Bank is pleased to offer Private Loans and Lines of Credit.

Features & Benefits:

With Private Loans and Lines of Credit from RBC Bank, you can access financing from $55,000 and up featuring:

Private Installment Loan1

  • Terms up to 60 months2
  • Fixed or variable interest rates based on Wall Street Journal (WSJ) prime rate
  • Flexible monthly payment options, including interest-only or fixed principal and interest
  • Monthly payments conveniently drafted from your RBC Bank checking account

Private Line of Credit1

  • Variable, London Inter Bank Offering Rate (LIBOR) based interest rates
  • Interest-only payments conveniently drafted from your RBC Bank checking account
  • Revolving credit – each time you repay balances owed, those funds become available for use again
  • Peace of mind knowing your line of credit can guard your RBC Bank checking account against overdrafts

The Private Installment Loan and Private Line of Credit are secured credit vehicles that offer a variety of collateral options to accommodate your financial holdings:

  • Cash balances
  • Time deposits held with RBC or RBC Bank
  • Time deposits held with other banks
  • Marketable Securities on major exchanges3
  • RBC affiliate brokerage account3
  • Third party brokerage account3

Why Choose RBC Bank?

At RBC Bank, our Private Bankers understand the complex financial needs of affluent individuals and their families. We proactively deliver an exclusive level of service and expertise to help you create a banking arrangement that meets your personal or business needs. In addition, because we’re part of RBC, we provide the stability and resources of one of North America’s most sound financial institutions.

For more information about Private Banking or to find a local Private Banker:

If you are already a client, call your Private Banker about taking full advantage of these exclusive benefits.

Find a banker. 

1 All loans subject to credit approval.

2 Payment example: For a borrower with excellent credit who is a Private Banking client, a fully amortizing stock secured loan for $100,000 with a term of 60 months and an interest rate of 6.00% would make 60 equal monthly payments of $1,933.28. The APR would be 6.104% with an origination fee of 0.25%.

3 Minimum required loan to value determined by collateral type. RBC stock may not be pledged as collateral. If either an RBC affiliate or third party brokerage account is pledged as collateral, the value of any RBC stock must be excluded from the collateral value.

 

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