The Royal Bank of Canada personal Loan has features that make it perfect for all types of people, as it can be configured in the way that best suits you.
So if you need a quick loan with a lower amount for a small unexpected cost.
You will find it at this bank, however if you need higher amounts, with a comfortable term, this is also the right loan for you.
Royal Bank of Canada Personal Loan Benefits
So far we have briefly mentioned some characteristics of this loan, but we have not yet been able to pay much attention to each benefit.
Therefore, below we will go into more detail about the main advantages of opting for the Royal Bank of Canada personal Loan.
Easy to apply
If you are applying for your first loan or even if you just hate dealing with bureaucracy, then this loan is the best option for you.
Well, your request takes place online, within a few minutes and with super intuitive steps, so it’s impossible to get lost.
No more playing a game of cat and mouse with the loan, only after a lot of struggle did I manage to apply, here you can request credit within a few minutes.
Pay in the most comfortable way
Payment is also quite comfortable, and occurs in a way that makes the client feel more comfortable, so it doesn’t matter how their salary is paid.
You will certainly find a payment option that matches your payment, you can choose monthly, fortnightly, weekly or even bimonthly payments.
So, if you stop applying for loans because of the way you receive them, then apply for your Royal Bank of Canada personal Loan now.
Simulate your loan online
And finally, we have the online application, requesting a loan online is a much greater advantage than you might think, when applying for a loan in person, a lot of bureaucracy begins.
You need to bring different documents, look for a good time, wait in line and much more, meanwhile, with the online order you just need to access the app and carry out the steps.
The loan response time is also much faster when applying online than when applying in person.
Key loan details
Previously we mentioned some interesting benefits regarding the loan in question, but some more important details such as the payment term were left out.
Therefore, below we will be mentioning in more depth important characteristics such as the amounts available and the interest rate of this loan.
Type
The Royal Bank of Canada personal Loan is a personal loan, which allows it to be used for a wide variety of purposes.
This leaves you free to choose the best way to use the available capital, such as an automotive repair or a vacation trip.
Available values
This loan has some of the widest values on the financial market when it comes to personal loans, with up to $50,000.00 possible in one request.
Payment term
The terms are also great, with terms ranging from 12 to 60 months, so even asking for higher amounts, it is possible not to be suffocated by super expensive installments.
Interest rate
Royal Bank of Canada personal Loan interest rates draw attention for their flexibility, adapting to each client’s needs, ranging from 1% to 30%.
Do you accept negatives?
This information was not disclosed on the bank’s official website, however it is possible to find out by contacting the financial institution directly.
More services from Royal Bank of Canada
In addition to conventional personal loans, you can also access business credit or an auto loan with Royal Bank of Canada.
Frequently Asked Questions About Royal Bank of Canada
Can I apply in person?
As it is one of the oldest banks in the country, it has bank branches throughout the country, making it possible to request in person.
Is it possible to apply as a minor?
No, there are financial services aimed at minors, such as some credit cards, but no loans are available to minors.
Is there a minimum income to apply?
The bank did not inform whether there is any minimum income to apply for the Royal Bank of Canada personal Loan, but the higher your salary, the greater the chance of approval.
Documents required to apply
When applying for the Royal Bank of Canada personal Loan, you will need to present some basic documents, these are:
- Official photo identification document
- Proof of income
- Proof of address
If you apply for the loan without leaving home, you must present these documents by taking a photo and sending it in the indicated fields.
However, if the request is made in person, simply go to a Royal Bank of Canada bank branch with the documents in hand.
The documents required are the same, regardless of whether you are applying online or in person at a bank branch.
How to talk to Royal Bank of Canada
After applying for your Royal Bank of Canada personal Loan, you may need to contact the bank to ask questions or resolve problems. There are several ways to contact the bank, such as email, social media and many other ways.
However, the most practical way is to call the bank. To get in touch, simply call the following number: 1-800-769-2511.
How to get a credit card?
Requesting this loan is very simple, as we mentioned previously, there are two ways to apply for the Royal Bank of Canada personal Loan.
The first is by going to a bank branch, in this case you don’t even need a step-by-step guide, as a professional will help you.
However, if you chose to request online, then you will need to carry out each step yourself, to do this use the following request method:
- Access the bank’s website or app;
- Select Royal Bank of Canada personal loan;
- Click on the request option;
- Submit the requested documents;
- Fill in the requested fields;
- Choose your loan conditions;
- Wait for the screening.
Conclusion
If you want to get your goals off paper, but you are being prevented by not having enough money to make those goals a reality.
Then, the Royal Bank of Canada personal Loan will be your best companion, as it will allow you to obtain good capital, with special conditions.
Low interest rates, flexible amounts and comfortable payment terms are all a customer needs to apply for a good loan without worrying about the installments.
The flexibility of this loan is certainly the biggest differentiator of the Royal Bank of Canada personal Loan, due to the amounts available.
It doesn’t matter if you want to change your car, pay for your wedding or even visit other countries, the Royal Bank of Canada personal loan has what you need.
To apply for this loan, all you need to do is take a few minutes out of your day and have a cell phone and internet access with you.
Click the button below to be redirected to the official website responsible for applying for a loan Royal Bank.