Rbcus rbc interac en ligne RBCU Credit Union is a full-service financial institution serving Richfield, Bloomington, Edina, Minneapolis, Fort Snelling, Minnesota Financial Products & Services - United States. Institutional Investing. RBC Global Asset Management. Capital Markets. RBC Capital Markets. Wealth Management. RBC Wealth Management. Custody and Clearing. RBC Correspondent Services. RBC Advisor Services. Investor & Treasury Services. RBC Investor & Treasury. RBC offers a variety of roles suited.

Rbc professional student line of credit rbc st romuald

A student line of credit is repayable loan assistance from a bank or credit union. Unlike government student loans, a student line of credit is not based on financial need. To qualify, you usually require a valid Canadian co-signor (e.g. Approval is based on the co-signor's credit worthiness. Law, Medicine, etc.) may not require a co-signor in recognition of future earning potential (please contact your financial aid institution for further details). You can apply for a student line of credit at most major Canadian banks. While you are enrolled in full-time studies you are only responsible for repaying the interest on the funding you have borrow. You begin repayment of the principal when you cease full-time studies (either graduate, or withdraw from full-time studies). Queen's University and RBC Royal Bank are pleased to make available the RBC/Queen's Student Line of Credit Program for students enrolled at Queen's University, Kingston. Queen's students who have explored other financial options through government student assistance and who have not qualified for an RBC Royal Credit Line for Students with a co-signor may qualify for the Queen's guarantee feature. Once you have submitted your application for an RBC/Queen's Student Line of Credit the RBC Royal Bank will determine your eligibility. If approved, the Royal Bank will contact you directly to complete the application process. While you are in school you only have to pay the monthly interest on the RBC/Queen's Student Line of Credit at the Royal Bank prime rate plus 1%. Queen's students who have explored other financial options through government student assistance and who have not qualified for an RBC Royal Credit Line for Students with a co-signor may qualify for the Queen's guarantee feature. At the sole discretion of the University, Queen's may extend a guarantee to a full-time student up to a maximum of $5,000. Criteria that must be satisfied to be considered for the guarantee by Queen's including the following: Any student with an overdue debt with the University will not be permitted to register or to receive examination results, official transcripts or marks reports until the outstanding account is settled in full or until an acceptable arrangement for settling the account is made by the department(s) concerned. (For some departments only full settlement of the debt will be considered a satisfactory arrangement.). In no case will a diploma be produced and provided to a student with an outstanding debt with the University. STEP 1 - COMPLETE THE ONLINE CONSENT FORM When applying for the RBC/Queen's Student Line of Credit, you must complete an online consent form authorizing the transfer of your enrolment status and personal information between Queen's University and RBC Royal Bank. Student will be required to acknowledge that if approved for a Queen's guaranteed RBC/Queen's Student Line of Credit you will be expected to keep your line of credit in good financial standing with RBC Royal Bank. If the line of credit becomes delinquent or in default, Queen's will consider you as a debtor and therefore the Senate Policy on Student Debtors will apply (see above). Student consent is required before any information can be shared, including request for a guarantee. Online Consent Form STEP 2 - SUBMIT AN APPLICATION TO RBC The following link is to the RBC Royal Bank website, which outlines the program information. It is critical for you to read and understand this information before applying for an RBC/Queen's Student Line of Credit. RBC Royal Bank Website 1) Q: What is the difference between the RBC/Queen's Student Line of Credit program and RBC Royal Credit Line for Students? A: A RBC/Queen's Student Line of Credit is a Royal Credit Line for Students which is co-signed (guaranteed) by Queen's University. 2) Q: How does the RBC/Queen's Student Line of Credit program relate to government financial assistance (e.g. A: Queen's requires student to first apply for government student assistance before considering their application for an RBC/Queen's Student Line of Credit. This requirement is due to the benefits of such government student assistance programs, including interest-free status during studies, non-repayable grants, loan forgiveness, and repayment options, to name a few. Queen's is aware that many university students are ineligible for government financial assistance; in light of this, the RBC/Queen's Student Line of Credit program has been designed to increase access to student lines of credit. 3) Q: How will I know if Queen's guarantees my RBC/Queen's Student Line of Credit? A: The Royal Bank will inform you that you have been approved for a Royal Line of Credit for Students. Queen's Student Awards Office will also contact you, in writing, if your application was approved as a result of Queen's agreeing to guarantee the loan; it is therefore important that you ensure your mailing address is up-to-date on your student account (SOLUS). 4) Q: What exceptional circumstances would prompt Queen's to guarantee an RBC/Queen's Student Line of Credit? A: A student must be enrolled in full-time studies in their second year or above, in good academic standing and making good progress towards the completion of their degree, have an excellent credit history with the University and have no other options for financing to invest in his/her university education. 5) Q: Are students in all programs of study eligible to apply for the RBC/Queen's Student Line of Credit? A: Students in professional programs of study such as Law, Medicine or MBA are required to pursue options through the Royal Credit Line for Students-Professional Designation at RBC or another financial institution. Students registered full-time in second year of any other program are eligible to apply for a RBC/Queen's Student Line of Credit. 6) Q: If Queen's guarantees my RBC/Queen's Student Line of Credit, does my course load at Queen's have any impact on my RBC/Queen's Student Line of Credit? In order to have access to funds from your RBC/Queen's Student Line of Credit, you must be registered as a full-time student at Queen's (minimum 80% course load in every term of study). If you cease to be enrolled in full-time studies, Queen's will contact RBC and your RBC/Queen's Student Line of Credit will be ‘capped' (you will no longer be able to draw further funds from your RBC/Queen's Student Line of Credit). However, if you are still enrolled in part-time studies at Queen's your RBC/Queen's Student Line of Credit will remain in interest-only status (you continue to make the monthly interest payments, but do not have to start payments on the principal). 7) Q: What are my responsibilities if Queen's guarantees my RBC/Queen's Student Line of Credit and I complete or withdraw from my studies? A: If Queen's has guaranteed an RBC/Queen's Student Line of Credit a student can only access funds while enrolled as a full-time student at Queen's. In the event a student is no longer enrolled at Queen's and subsequently provides RBC a confirmation of enrolment from any other accredited post-secondary institution he/she will remain responsible for the monthly interest payments according to the student's payment obligations. The RBC/Queen's Student Line of Credit will not be converted into repayment status until six months after his/her registered student status ceases at any post-secondary institution. 8) Q: Is RBC Royal Bank the only lending institution with which I may secure a line of credit? Students may apply for a student line of credit from any institution they desire. However, the above-stated benefits (Queen's guarantee feature) of the RBC/Queen's Student Line of Credit program apply only to the RBC Royal Bank. 9) Q: Is there a maximum amount of RBC/Queen's Student Line of Credit for which Queen's will consider extending the guarantee? The maximum amount of RBC/Queen's Student Line of Credit for which Queen's will consider extending the guarantee is $5,000 per academic year. Through our long history of serving healthcare professionals and our team of over 500 healthcare advisors, we understand your personal and professional journey. Our tailored service and innovative solutions are designed to support your unique reality needs as a healthcare professional. Medical school is a big deal — as is your personal and financial commitment to it. Our RBC Healthcare Advantage plans come stacked with premium products and exclusive VIP offers to help you through it all. Focus on your schooling, knowing we have the financial side of things covered. Life is in flux and your financial needs are evolving. Our Healthcare Plans are designed to help you prepare for a successful future. Plus, they come packed with exciting features that can simplify your busy lifestyle. From budgeting to managing debt to planning your financial future, our team of RBC Healthcare Specialists are available to make it all easier — so you can keep your sights set on graduation. As a member, you get exclusive access to perks and rewards. Plus, our over 500 RBC Healthcare Specialists are available to support all your financial needs. As a member of this plan, you get access to benefits hand-picked for healthcare professionals. Plus, our RBC Healthcare Specialists are available to provide you with the financial advice and tools you need to seize opportunities, advance your practice and accelerate growth. A $30 monthly fee for the RBC VIP Banking account will be waived for the duration you are a Plan member. The $30 monthly fee will be automatically charged based on your next monthly cycle if you are no longer a Plan member. This offer shall not be combined with any other personal banking account offer or promotion. Note: Due to system limitations all accounts must be opened by the client in the same geographic location or region to be recognized for this bundling feature. Only one fee waiver per client, no matter how many RBC VIP Banking accounts are opened, whether in sole or joint ownership. If you have questions, please speak to your branch. ATM operator surcharge (also called a convenience fee) may be charged by non-RBC Royal Bank ATM operators. To benefit from the fee waiver, all your eligible accounts with us must remain in good standing and you must have an active RBC VIP Banking account and an Eligible Credit Card that is active and in good standing at all times for the duration that you are a member of the Plan. The convenience fee is not a Royal Bank of Canada fee and is added directly to the amount of your cash withdrawal. RBC VIP Banking account comes with a choice of up to two additional Canadian dollar deposit accounts, to be selected among the RBC Day to Day Banking®, RBC Enhanced Savings® and RBC Day to Day Savings® accounts, and one additional U. All clients who use non-RBC Royal Bank ATMs may be charged a convenience fee regardless of the type of account they hold. Each account cash withdrawal at non-RBC Royal Bank ATM outside Canada displaying the PLUS System logo and any fees that may be imposed by any third party for using the ATM are converted to Canadian dollars at an exchange rate which is 2.5% above the benchmark rate set by the payment card company when the transaction is posted. Exchange rates fluctuate and, as such, the rate applied will usually differ from the posted exchange rate at the time of the transaction. e-Transfer transactions are available with all Canadian dollar personal banking (chequing) accounts and are not counted toward the free monthly total in accounts with a limited number of free debits. In all Canadian dollar savings accounts, Prime–0.25% offer is available to Plan members. Interest rate is compounded monthly, not in advance. Prime Rate means the variable annual interest rate announced by Royal Bank of Canada from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada. The Royal Credit Line rate quoted is subject to change based on changes to the Royal Bank Prime Rate. The discounted rate is subject to change at any time without notice. As a sole or joint owner of an RBC VIP Banking (VIP) account and the primary cardholder of one of the eligible credit cards listed below, the annual fee of that eligible credit card will be fully or partially rebated (as indicated below), every year, as long as your credit card remains in good standing and you remain a VIP account owner. Additional cardholders’ annual fee is also fully or partially rebated (as indicated below), every year, as long as your eligible credit card remains in good standing and you remain a VIP account owner. Interest rate will change as our prime rate changes and without notice. Only one credit card annual fee rebate per VIP account is allowed, which means that if you own a joint VIP account and each co-owner is also the primary cardholder of an eligible credit card, only the primary owner of the VIP account will be entitled to the credit card annual fee rebate. Rebates that apply to eligible credit cards are: (i) partial rebate of $120 for the primary cardholder and $50 for the co-applicant on the annual fee of an RBC Avion Visa Infinite Privilege card, and (ii) annual fee fully rebated for the primary cardholder and the additional cardholders (co-applicant and authorized users) on any of the following cards: RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Rewards Visa Preferred, RBC U. Dollar Visa Gold, RBC British Airways Visa Infinite, RBC Cathay Pacific Visa Platinum, RBC Cash Back Preferred World Elite Mastercard and West Jet RBC World Elite Mastercard. RBC Homeline Plan rate is an annual rate and is based on our Prime Rate - 0.250%. This offer is only available to clients approved for a line of credit under the RBC Homeline Plan and does not apply to any other credit line product offered by Royal Bank of Canada including but not limited to a credit line secured by real property that is not part of a RBC Homeline Plan. To benefit from the Prime Rate – 0.250%, your mortgage must remain in good standing. As a promotional offer, for Plan members, RBC Invest Ease will not charge you its regular management fee for 24 months from the day a new account is opened (“Promotional Period”). You understand and agree that after the Promotional Period, RBC Invest Ease will charge you a 0.5% annual management fee on your account’s investment balance plus applicable sales taxes. RBC Invest Ease will send you a reminder email 60 days prior to charging your account. provides online discretionary investment management services. Other products and services may be offered by one or more separate corporate entities that are affiliated to RBC Invest Ease Inc., including without limitation: Royal Bank of Canada, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company. is a wholly-owned subsidiary of Royal Bank of Canada and uses the business name RBC Invest Ease. In addition, the RBC i Shares ETFs in which RBC Invest Ease Inc. The up to 45,000 RBC Reward points offer (“45,000 Points Offer”) are available for new RBC clients that become a member of the RBC Healthcare Advantage Plan, and the up to 85,000 RBC Rewards points offer (“85,000 Points Offer”) are available for new RBC clients that become a member of the RBC Healthcare Advantage Pro Plan (together with the RBC Healthcare Advantage Plan, or each individually, referred to as the “Plan”), and in each case will only be fulfilled through the eligible Avion credit card product holdings you acquire when you first join. clients invest are managed by Black Rock Asset Management Canada Limited. and Black Rock Asset Management Canada Limited have entered into a strategic alliance to bring together their respective ETF products under the RBC i Shares ETF brand, and to offer a unified distribution support and service model for RBC i Shares ETFs. The RBC Rewards points offers are comprised of Welcome Points and Bonus Points. To receive Welcome Points and to be eligible to receive Bonus Points for satisfying the program criteria, your application must be received and approved by us within the time period set forth herein. You may be a primary account holder or co-applicant and after enrolment you will receive on your first monthly statement the following “Welcome Points”: i) 15,000 RBC Rewards points if you have an RBC Avion Visa Platinum credit card or a RBC Avion Visa Infinite credit card, ii) 25,000 RBC Rewards points if you have an RBC Avion Visa Infinite Privilege credit card, or iii) 25,000 RBC Rewards points if you have an RBC Avion Visa Business credit card. The remainder of the 45,000 Points Offer or the 85,000 Points Offer, as applicable, will be awarded after you have fulfilled the additional criteria detailed below. Bonus Points Criteria: The following criteria must be met to qualify for additional RBC Reward points (“Bonus Points”) for the 45,000 Points Offer or the 85,000 Points Offer, as applicable in accordance with your Plan: You must open an eligible Avion credit card and complete the following activities within 3 months of joining the Plan; 1) you must complete one of the following 3 Personal Deposit Account activities (set up recurring payroll, set up 1 pre-authorized payment or set up one bill payment), and 2) you must activate your eligible Avion credit card, and 3) you must log into the RBC Mobile app. You must not have held the minimum product holdings required for the RBC Healthcare Advantage Pro Plan within the past 12 months to receive the Bonus Points. This offer cannot be combined with any other banking offer. The Bonus Points will appear on your RBC Rewards credit card account statement within eight weeks from when all criteria have been met. For general redemption terms, conditions and restrictions that apply to the RBC Rewards program, please visit: /terms-and-conditions or call 1-800 ROYALTo get a short-haul flight to any adjoining province/state in Canada or the U. S, you will need a total of 15,000 RBC Rewards points, for a maximum ticket price of $350. To get a holiday destination flight from Western Canada/U. to Mexico, Hawaii, Alaska Eastern Canada to Bermuda, Central America, Caribbean, you will need a total of 45,000 RBC Rewards points, for a maximum ticket price of $900. Additional cardholder(s) are not eligible for this offer. All applicable taxes, service fees and surcharges are the responsibility of the traveller. For Air Travel Reward redemption details, visit com/travelredemption. For complete terms and conditions that apply to the RBC Rewards program, please visit: call To get a flight from a major gateway in Canada/U. to destinations in Europe, you will need a total of 65,000 RBC Rewards points, for a maximum ticket price of $1,300. To get a short-haul flight to any adjoining province/state in Canada or the U. S, you will need a total of 15,000 RBC Rewards points, for a maximum ticket price of $350. Additional cardholder(s) are not eligible for this offer. All applicable taxes, service fees and surcharges are the responsibility of the traveller. For Air Travel Reward redemption details, visit com/travelredemption. For complete terms and conditions that apply to the RBC Rewards program, please visit: call RBC Rewards points are earned on qualifying net purchases only; they are not earned on cash advances (including balance transfers, cash-like transactions and certain bill payments), interest charges or fees, and credits for returns and adjustments will reduce or cancel the points earned by the amounts originally charged A linked RBC Card means an RBC debit or credit card issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“RBC Card”) that is linked to a Petro-Points card. You must be enrolled in RBC Online Banking or RBC Mobile app in order to link your RBC Card to your Petro-Points card. Card linking may take up to 2 business days to process before savings and bonus points can be applied to purchases. Your linked RBC Card acts as your Petro-Points card. You will automatically earn Petro-Points when you pay for qualifying purchases with your linked RBC card at Petro-Canada locations and you do not need to swipe your Petro-Points card before you pay. You can redeem your Petro-Points at Petro-Canada using your linked RBC Card. Each time you use your linked RBC Card to purchase any grade of gasoline, or diesel, at a Petro-Canada location, you will save three cents ($0.03) per litre at the time of the transaction. In order to take advantage of this offer to receive 60% off your first two dinner box orders and 5% off subsequent dinner box orders, you must be a new member of Miss Fresh. All existing members are eligible for the subsequent 5% discount. The New Member Discount or Existing Member Discount will be applied as applicable at checkout before taxes. Discount applies to all dinner box orders within the first two transactions. This offer may not be combined or used in conjunction with any other offer, and cannot be applied retroactively to previous transactions. Promotion is limited to one per household, and only applies to Canada. Miss Fresh, not Royal Bank of Canada (“RBC”), is responsible for the sales, returns and shipping terms and conditions applicable to your Qualifying Purchase, available at: https:// & https:// RBC and Miss Fresh reserve the right to cancel, modify or withdraw this offer at any time For more details on the RBC Offers program visit com. For complete details on Miss Fresh dinner boxes, please visit: https:// & https:// Monthly fee for the RBC Digital Choice Banking account will be rebated for the duration client is a member of the Plan. The fee rebate will be posted to your account within 10 business days following the posting of the fee to your account. This offer shall not be combined with any other business banking account offer or promotion. The monthly fee for the RBC Digital Choice Banking account is $5 and will be applied after once a client in no longer a Plan member. Only one fee rebate per client, no matter how many RBC Business Banking accounts are opened, whether in sole or joint ownership. To benefit from the fee rebate, all your accounts with us must remain in good standing during the fee rebate period, and you must be a Healthcare Advantage Plan member. This offer may be withdrawn at any time and is subject to change without notice. We reserve the right, in our sole discretion, to revoke this offer to any person we believe to be manipulating or otherwise abusing the process, fairness, integrity or operation of the offer. To be exempt from the annual fee for one year, you must be a Plan member and your application form must be received by December 31, 2020 and approved by us. The annual fee rebate for one year is only offered to the first Primary Business Cardholder on the account; additional Primary Business Cardholder(s) and Secondary Business Cardholder(s) are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer. Royal Bank of Canada reserves the right to cancel, modify or withdraw this offer at any time. Prime-0.25% offer is only available to Healthcare Advantage Pro plan members. Prime Rate means the variable annual interest rate announced by Royal Bank of Canada from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada. The rate applying to an RBC Business Term Loan or Royal Business Operating Line will change based on changes to the Prime Rate. The RBC Business Term Loan and Royal Business Operating Line of Credit is provided by Royal Bank of Canada and is subject to its standard lending criteria. The offer may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other rate discounts, offers or promotions.) for every one dollar ($1.00) in purchases, including taxes, when you make a transaction at any of the National Medical Colleges, Provincial Medical Colleges and Provincial Medical Associations in Canada listed below ( College of Physicians and Surgeons of British Columbia, College of Physicians and Surgeons of Alberta, College of Physicians and Surgeons of Saskatchewan, College of Physicians and Surgeons of Manitoba College of Physicians and Surgeons of Ontario, Collège des médecins du Québec, College of Physicians and Surgeons of New Brunswick, College of Physicians and Surgeons of Nova Scotia, College of Physicians and Surgeons of Prince Edward Island, College of Physicians and Surgeons of Newfoundland & Labrador, Yukon Medical Council, Health and Social Services-NWT, Department of Health and Social Services- Nunavut. Ontario Medical Association, British Columbia Medical Association, Alberta Medical Association, Québec Medical Association, Doctors of Nova Scotia, Doctors of Manitoba, Newfoundland Medical Association, Saskatchewan Medical Association, New Brunswick Medical Society, Medical Society of Prince Edward Island, North West Territories Medical Association, Yukon Medical Association. Please allow up to 90 days from the date of your Qualifying Transaction, provided your credit card account remains open and is in good standing at that time, for the Bonus Points to appear on your Eligible RBC Credit Card account statement. Qualifying Transactions exclude transactions made at the Canadian Medical Association and at medical colleges, associations or organizations located outside Canada. This offer may be combined or used in conjunction with any other offer(s), but cannot be applied retroactively to previous transactions made at these Eligible College/Association. Cancellations or price adjustments will cancel or reduce the RBC Rewards points earned on your Qualifying Transaction, including Bonus Points. The Eligible College/Association, not Royal Bank of Canada (), is responsible for the terms and conditions applicable to your Qualifying Transaction, including cancelation and refund policies. RBC reserves the right to cancel, modify or withdraw this offer at any time. For more details on this offer and the Healthcare Program, call the RBC Healthcare Team at Wave’s invoicing software, accounting software and receipt scanning are free. Wave credit card processing is a pay-as-you-go service at 2.9% 30 cents per transaction for all credit cards, with no additional fees for normal transaction processing. Wave’s bank payments feature is a pay-as-you-go service at 1% per transaction. For more information visit https:// balance due upon termination, or account transfer. Applicable taxes are calculated based on the total no term price less any device discounts and must be paid in full at the time of purchase. Pay-per-use charges (including long distance, roaming and additional airtime or data) are extra. Offer only available on a Business Personal or Business Regular account. Offer available at a TELUS store, authorized dealer, or the dedicated inbound queue. Not available at retail locations, such as Best Buy or London Drugs. Offer cannot be combined with other code-based offers. Must be a business that has less than 50 telecommunication lines and present an HST/GST number (QST number in Quebec), registration number, incorporation number, and/or other proof of business upon activation. TELUS reserves the right to withdraw or modify this offer at any time Eligible fees and costs, up to $5000 include: transfer out fees, account closure fees, administration costs, trading costs (fees to sell equity, fixed income or other securities excluding mutual funds). Costs not covered include Deferred Sales Charges (DSC), tax liability of liquidating assets, mutual fund sell, short term trading costs or any other fees or commissions that may be incurred on the redemption of existing mutual funds. Rbc professional student line of credit rbc direct investing online A student line of credit from a bank gives you access to a set amount of funds that you can borrow as needed and you’re only charged interest on what you borrow. For example, if you have a $15,000 line of credit and only borrow $5,000, you are only charged interest on the $5,000. Student Line of Credit * A Flexible Borrowing Solution That Gives You a Little Extra Breathing Room RBC gives you 2 years after you finish school before you have to start repaying your loan with full access to your credit line during the grace period. I talked to Scotia last week and they said the best they can give me is $50,000 unsecured LOC with prime 1%. This is based off me being a lawyer, but being an employee (if I was starting my own practice I could qualify for an unsecured small business loan). A bit disappointing because as a law student I was qualified for $100,000 at prime 0.5%, but seems pretty good in comparison to most LOC's. Anyone have experience getting non-student unsecured LOC's as one of the designated professionals that get generous student loans? What amount and what rates with which bank were you able to get? I talked to Scotia last week and they said the best they can give me is $50,000 unsecured LOC with prime 1%. This is based off me being a lawyer, but being an employee (if I was starting my own practice I could qualify for an unsecured small business loan). A bit disappointing because as a law student I was qualified for $100,000 at prime 0.5%, but seems pretty good in comparison to most LOC's. Anyone have experience getting non-student unsecured LOC's as one of the designated professionals that get generous student loans? What amount and what rates with which bank were you able to get? my application is being reviewed at national bank at this time, the guy said about 2-4 weeks to get a decision. Have asked for $100k, have been offered prime 0.5 at this point. Things can change once they review the application in detail my application is being reviewed at national bank at this time, the guy said about 2-4 weeks to get a decision. But I think when application will be reviewed in detail, I will come to know what I have been approved for and at what rate. Have asked for $100k, have been offered prime 0.5 at this point. Bank's rep will work with you on the amount needed e.g. Things can change once they review the application in detail i told him my annual gross. tuition fee, textbooks, expenses such as gas,groceries,rent,entertainment, etc and he/she will come up with a rough total, which will be divided by the number of years of your program and they will make that additional amount available each year. Trying to figure out what I should do here, I currently have a student line of credit at RBC and my grace period is up. Before the grace period i was paying interest and insurance only on prime 1% making my payment 80/mo 40$ interest, 40$ insurance. unknowingly to me when the grace period is up they switched my line of credit to prime 3.5% now my payment is 171$ a month, 114$ interest, 40$ insurance, 17$ got a appointment schedule for tuesday to try and lower my rate and remove my insurance and co-signer, but During my research I realized that banks such as scotiabank offers (prime 0.5%) for the entire length of the loan, and cibc offers (prime 0.75%) for the entire length of the loan. would I be better off applying for a regular line of credit at scotiabank/cibc? or should I stick with RBC and try to negotiate a prime 1-2%? the loan in question is 11800.00$It is extremely unlikely that the bank will agree to having your co-signer removed, even if you have a fantastic job and a positive net worth. It doesn't hurt to ask, but don't be surprised when they tell you "no". The rate you're paying is a good one for an unsecured line, so just work away at paying it down in huge chunks before your post-student lifestyle expands. If you don't, that 40$ would be much better spent towards the principle each month... One thing I notice is that you have 40$ of insurance on the LOC a month.. It's unlikely that you'll be able to negotiate a better rate on unsecured debt. However, you should be able to negotiate away most of the $40 insurance component, which is ridiculous for a $11.8k debt if you have good employment. Sincerely wondering, why do you have insurance on this loan? I have the RBC SLOC and never had to have insurance. (Alternate question: why does OP have to have insurance and I don't? )its optional, my co-signer has life and disability insurance on the loan for her and disability for me. not sure if I can remove the insurance without the cosigners permission, and the loan is leveraged against the house my mom owns. ie if she sells the house she has to payoff the loan. I don't know anything about how it would change the advice you've gotten so far. But I would bring your mom along if possible to cancel the insurance if she's willing. If its secured to the equity in your mother's home, you absolutely won't be able to remove her as a co-signer. You can try to apply for a new unsecured line of credit to pay out this one (although a loan is likelier to get approved), but unless you have stellar credit and good employment, the bank will be loathe to release a secured line in favour of an unsecured one. Your co-signer will have to sign off on insurance cancellation, so be prepared for that I went to the bank today and tried to apply for a loan in just my name and the best they could get me was 15.5 percent so I stayed with the loan and canceled the insurance.


Open January 1, 2019 to December 31, 2019 to legal residents of Canada who are sixteen (16) years of age or older and are current students of an accredited Canadian university, college or secondary school. Odds of winning depend on number of eligible entries received. Refer to Student Life Network for contest details* Borrow up to $350,000 depending on your field of study. Recommended limit guidelines are based on professional programs offered through Canadian post-secondary institutions. Approval is subject to applicants meeting CIBC’s normal lending criteria. Credit limit is determined by CIBC, in its sole discretion. Part-time students are eligible for reduced credit limits determined by CIBC. Ongoing access to your Professional Edge Student Line of Credit and annual credit limit increases (if applicable) are subject to proof of enrolment, a continued good payment history and credit record and a satisfactory cash flow analysis, determined by CIBC in its sole discretion. Products and their features may change at any time. The rate is applicable to accredited Canadian medical schools only.. CIBC Prime Rate is the variable rate of interest per year declared from time to time to be the prime rate for Canadian dollar loans made by CIBC in Canada. The interest rate on your line of credit will change whenever CIBC Prime varies or whenever we change your variable interest rate in CIBC’s sole discretion. To be eligible for a free SPC membership, you must hold an eligible CIBC product at the time you register for the membership, which you must do through CIBC online or mobile banking. Eligible CIBC products include a CIBC Youth or Student bank account, Student credit card or Student line of credit. A complete list of eligible CIBC products can be found at SPC and CIBC. Joint account holders of eligible CIBC products are not eligible for membership. You must also be a legal resident of Canada who is fourteen (14) years of age or over, but under the age of thirty (30) years if the eligible CIBC product you use to qualify for the membership is a student line of credit. The membership will automatically renew and remain in effect for as long as you hold an eligible CIBC product. Trade-mark/registered trade-mark of Student Price Card Ltd. 24 months after graduation from an accredited Canadian medical, dental or optometry school, or up to 12 months after graduation, residency or articling from other qualified CIBC Professional Edge studies. National Bank All-In-One is a registered trademark of National Bank of Canada. However, interest accrues during this period and is compounded monthly. Subject to not exceeding the maximum line of credit amount available, i.e., 65% of the value of the property. For students in medicine, dentistry, pharmacy, optometry, veterinary medicine, chiropractic and engineering: No principal and interest payments required until 12 months after the end of studies or loss of full-time student status (subject to not exceeding the authorized credit limit). Rbc professional student line of credit rbc mirabel Reach your financial goals sooner with RBC InvestEase and pay no management fee for 2 years 7 Medical/Dental Royal Credit Line of Prime - 0.25% with a limit up to $350,000 to support you during your training and throughout your career4. The rate applying to an RBC Business Term Loan or Royal Business Operating Line will change based on changes to the Prime Rate. The RBC Business Term Loan and Royal Business Operating Line of Credit is provided by Royal Bank of Canada and is subject to its standard lending criteria. A student line of credit from a bank gives you access to a set amount of funds that you can borrow as needed and you’re only charged interest on what you borrow. For example, if you have a $15,000 line of credit and only borrow $5,000, you are only charged interest on the $5,000. Students about to enter their first year in Ryerson University’s midwifery program are scrambling to find alternate funding options after the Royal Bank of Canada cancelled a specialized loan program this month. Previously, students could borrow up to $80,000 against their projected earnings as midwives. Now, the bank won’t consider students’ future earning potential and requires them to have a co-signer.“Midwifery students have known about the RBC funding and relied on it for many years I think for those that need some support to get them through their schooling,” said Nicole Bennett, the director of Ryerson’s Midwifery Education Program.“It’s just one more barrier for people who don’t have a lot of financial means to enter into the profession and it saddens me,” she said. Read more: Midwives from 113 countries kick off convention with march through Toronto Giving birth alone and far from home In a statement RBC spokesperson AJ Goodman said the change was made “to help midwifery students ensure they are taking on manageable loans while pursuing their career.”Goodman also explained that there is no set cap on the loans available under the bank’s standard student line of credit program.“If a student can support themselves at a higher threshold, then we will evaluate their application accordingly,” he said. Incoming student Monique Dupuy said she’s concerned some students now won’t be able to cover the costs of the program.“I think it’s suspect that it happens during this time of year when people are sort of scrambling to secure funding for the fall,” she added. RBC told both Dupuy and Linnea Rudachyk, another student who is relocating from Whitehorse, Yukon for the program, that they could still apply for the bank’s regular student line of credit, which is available to all undergraduate students, to help cover the cost of school. For some midwifery students, though, that might not be enough. Tuition alone can cost between $6,000 and $8,000 a year. Add in living costs, medical supplies, the cost of a possible relocation for clinical placements in the latter half of the four-year program and Rudachyk estimated it could cost her $100,000 to complete the program. Students are also not allowed to work while they’re completing unpaid clinical placements and they must have 24-hour access to a reliable car, adding to the costs.“I may be able to start the program, but I may not be able to complete it, it’s a huge barrier,” said Rudachyk, who was told she could borrow up to $30,000 under a standard student line of credit. It seems “very unfair” that specialized professional loans are available to students in chiropractic, physiotherapy, law and medical programs, but not midwifery, she said. RBC offers loans of up to $275,000 for medical students and up to $125,000 for law students without co-signors. Midwifery students are very likely to secure employment after graduation and have the potential to be earning $80,000 with a full care load, Bennett said.“My understanding was that this was a program for professional degrees and midwifery is absolutely a professional degree,” she said. While a number of banks offer larger loans for professional programs, Dupuy, Rudachyk, and Bennett said as far as they’re aware RBC was one of the only to offer something similar for midwifery students. CIBC, for instance, offers a Professional Edge line of credit for students in some programs, including medical, law, chiropractic, and nursing schools, but a spokesperson for the bank said midwifery students are eligible to apply for their Education Line of Credit. The limits available under the Education Line of Credit vary depending on the institution students will attend and offers different repayment options from the professional version. A spokesperson for TD said their bank offers “Student Lines of Credit for Bachelor of Health Sciences programs, which sometimes can include midwifery programs.” Midwifery is not listed on their website as one of the programs eligible for their professional student lines of credit. Elizabeth Brandeis, the president of the Association of Ontario Midwives, said losing access to RBC’s health sciences line of credit program feels like yet “another barrier,” for midwives, a profession that’s seeing increasing demand in Ontario. When the province regulated midwifery in 1994 there were just 60 midwives in the province, who attended fewer than 2 per cent of births. Today there are close to 900, who in 2015 provided care to more than 22,000 women and attended more than 15 per cent of the births in the province. Each year the Ministry of Health and Long-Term Care also provides funding for an additional 90 midwives in Ontario. But midwives still can’t accommodate between one-third and one-quarter of requests for their services. Despite the new challenges presented by the loan cancellation, both Rudachyk and Dupuy plan to pursue their studies. The program is highly competitive, admitting only 30 students a year from between 250 and 280 eligible applicants. Dupuy said her dad has offered to co-sign a regular student loan if the professional loan program isn’t reinstated, but she doesn’t plan on letting this fight go. She’s already filed a formal complaint with RBC, written to Ryerson’s program director, her member of Parliament, Larry Bagnell, and has spoken with the Community Midwifery Association of Yukon.