RBC Credit Access Line

March 24, 2025 – April 25, 2025 promotional financing rate disclaimer

Here’s how it works:

RBC Credit Access Line’s fixed-rate options allow you to lock in rates for a set term. At the end of the term, you have the option to either pay down the outstanding credit advance or have the remaining balance roll to a variable term or new fixed-rate term—subject to the prevailing rates at that time.

Promotional rates*
1-year
5.58% APR
3-year
5.32% APR

*Promotional Annual Percentage Rates (APR) are as of March 21, 2025, and are subject to change. The interest rate to which a fixed-rate advance is subject does not change during its term.

Additional Details:
  • Promotional rates are only available March 24, 2025 through April 25, 2025.
  • Advances after April 25, 2025 are subject to the base rate and margin per the terms of your loan agreement.
  • Any variable rate credit advances of $25,000 or more taken on or after January 1, 2025, are eligible to be converted to a fixed-rate advance and receive the promotional rate. Any variable rate advances taken before January 1, 2025, are not eligible for the promotional rate.
  • Fixed-rate advances may be subject to breakage fees should the advance be paid down early or repayment is demanded due to maintenance requirement violations.
  • $25,000 minimum new fixed-rate credit advance requirement.
  • Securities-based loans may not be appropriate for everyone and have risks associated, including the risk of having to repay your loan or add collateral if maintenance requirements are not met. Please speak with your financial professional to determine if a securities-based loan is appropriate and carefully read the important disclosures below.

Personal lending products are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions apply, subject to credit approval. Additional restrictions may apply. Lending services may be offered by bank affiliates of RBCWM-US. RBCWM and/or your advisor may receive compensation for offering or referring these services.

RBC Credit Access Line is a securities-based, demand line of credit offered by Royal Bank of Canada, an Equal Opportunity Lender and a bank affiliate of RBC Capital Markets, LLC. Subject to credit approval. Securities-based loans involve special risks and are not suitable for everyone. You should review the provisions of the RBC Credit Access Line agreement and related disclosures, and consult with your own independent tax and legal advisors about any questions you have prior to using RBC Credit Access Line. Considerations should be given to loan requirements, portfolio composition and diversification, time horizon, risk tolerance, portfolio performance expectations, and individual tax situations. There are important risks associated with securities-based loans that you should consider:

  • You will be required to deposit additional cash or securities, or pay down the line of credit, should the value of your securities decline below the percentage equity you must maintain or the percentage equity you must maintain increase. During a market downturn in which the securities in your portfolio decline in value, the percentage equity you must maintain will cause your losses to be greater than if there were no loan against your portfolio. Your losses can exceed your original collateral amount. 
  • You are not entitled to an extension of time to satisfy equity percentage requirements.
  • Should you be unable to maintain the required percentage equity, some or all of your securities may be sold without prior notice to you. In the event of such a sale, you will not be entitled to choose which securities are sold, your long-term investment strategy may be interrupted and you will be responsible for all resulting fees and tax consequences.
  • Royal Bank of Canada may increase equity percentage requirements at any time without prior notice to you and may require you to pay down your line of credit, in part or in full, at any time and for any or no reason.
  • The rates, terms and conditions of your RBC Credit Access Line are subject to change in accordance with the terms of the RBC Credit Access Line agreement.
  • Should the rate of your RBC Credit Access Line be set to float against an index, you will be subject to greater interest costs in a rising interest rate environment.

RBC Credit Access Line is a non-purpose facility. The proceeds of an RBC Credit Access Line may not be used to purchase, trade, or carry margin stock or repay a margin debt that was used to purchase, trade, or carry margin stock. Royal Bank of Canada may demand repayment of all proceeds of RBC Credit Access Line advances that it has reasonable basis to believe were used to purchase or carry margin stock.

RBC Wealth Management, a division of RBC Capital Markets, LLC, is a registered Broker-Dealer, Member FINRA/NYSE/SIPC, and is not a bank. Where appropriate, RBC Capital Markets, LLC has entered into arrangements with the Royal Bank of Canada to help facilitate and service your RBC Credit Access Line. 

Neither RBC Capital Markets, LLC nor its affiliates or employees provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor. No information, including but not limited to written materials, provided by RBC Capital Markets or its affiliates or employees should be construed as legal, accounting or tax advice.

Visit the RBC New York Credit Branch Privacy Notices page for more information.

Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC.