The RBC Homeline Plan is a smart, convenient way to manage all your personal credit, from your mortgage to outstanding balances on loans and lines of credit. If you’re an existing homeowner with at least 20% equity in your home, or if you are looking to buy a home and have a 20% down payment, this may be the right solution for you.
With the RBC Homeline Plan, you have access to our Royal Credit Line and RBC Royal Bank mortgages, all in one plan, which you can designate for different needs-a new car, a vacation, your child’s education. It’s a great way to pay off your debt when you want to, while keeping your interest costs low.
You can save hundreds, even thousands, of dollars in interest and improve your cash flow.Let equity in your home work for you!
There are lots of ways the RBC Homeline Plan can help get your home equity working for you. For example, you could finance home renovations, such as a new kitchen, bathroom, deck or simply a fresh coat of paint- improvements that increase the comfort and value of your home. And consolidating your outstanding high-interest credit using the RBC Homeline Plan will enable you to take advantage of lower interest rates that will save you money.
Save hundreds of dollars in interest and improve your cash flow
If you have higher interest credit cards, loans and/or a mortgage, an RBC Homeline Plan can free up hundreds of dollars in extra cash flow each month. And, if you choose to diversify your mortgage, you could save thousands of dollars in interest costs over the life of your mortgage.
As you pay down your balances, your credit automatically becomes available to you again
Once your credit limit is set, you can borrow any time, up to your available limit. As you pay down the amount you owe, your available credit automatically increases up to your limit. No need to reapply for credit or contact us; it’s an easy way to manage your own credit needs.
Let interest rates work for you by diversifying your mortgage
Mortgage rates fluctuate and it’s hard to know whether you should choose a variable rate or fixed rate. The RBC Homeline Plan gives you the best of both worlds. It allows you to diversify your mortgage and enjoy the advantages of both variable and fixed rates. The variable portion lets you take advantage of potential long term savings, while the fixed rate portion protects you if rates rise.
Talk to us today to find out how the RBC Homeline Plan can help you meet your financial objectives!
Get more flexibility to access funds when you want- for what you want.
Your RBC Homeline Plan gives you the flexibility to manage your own credit needs. You can access your funds easily, whenever you need them
-Use RBC Royal Bank Online Banking
-Make withdrawals at any ATM
-Write cheques
-Visit any RBC branch
Convienient consolidate reporting
You’ll receive a consolidated monthly statement updating you on all aspects of your plan. No need to refer to multiple statements- with an RBC Homeline Plan, all the information you need is right where you need it. If you bank online, you can also review all the details of your RBC Homeline Plan-including your mortgage and credit line-in one consolidated view, making it easy and convenient to track and manage your credit use.
Protect yourself and your family
With the RBC Homeline Plan, you have access to life and disability coverage, which can give you, added peace of mind. Our low-cost solutions can help ensure that your RBC Homeline Plan is paid in full in the event of your death. And if you become disabled, our HomeProtector and LoanProtector Insurance can ensure that your regular payments continue to be made.
Find out how much you could save with the RBC Homeline Plan or to apply now
- Speak with an RBC Royal Bank Representative
- Visit your local branch
- Call 1-800-ROYAL-1 (769-2511)
