Understand Your Rate
RBC Royal Credit Lines are typically priced as "Prime Rate + Variance". Use this tool to see how changes in Prime affect your payment.
RBC HELOC Calculator
The RBC Royal Credit Line allows you to borrow against your home equity at a variable rate based on the Prime Rate. This calculator helps you estimate your monthly interest-only payments by inputting the current Prime Rate and your personal variance (e.g., +0.5%).
Calculate Royal Credit Line Payment
Est. Monthly Interest Payment
$321
Based on $50,000 balance
Frequently Asked Questions
What is the "Royal Credit Line"?
The Royal Credit Line is RBC's brand name for their Home Equity Line of Credit product. It functions like a standard HELOC, allowing you to borrow against your home equity as needed.
How is the interest rate determined?
RBC typically sets your rate as "RBC Prime Rate + X%". The "X" is your variance, which depends on your credit score and relationship with the bank. Sometimes, highly qualified borrowers may get "Prime - X%".
Can I convert to a fixed rate?
Yes, RBC allows you to lock in a portion of your outstanding balance into a fixed-rate term mortgage segment, protecting that portion from future Prime Rate increases.