Expired Hot Deals

[Royal Bank] Variable rate loan P+1,99%, 5 year term, minimum 15 000

  • Last Updated:
  • Jun 24th, 2018 1:34 pm
[OP]
Jr. Member
Oct 27, 2009
137 posts
252 upvotes
Montreal

[Royal Bank] Variable rate loan P+1,99%, 5 year term, minimum 15 000

Offer is available for all clients. Only requirement is to have a decent credit bureau aka no late payments or in collection. If your bank employee does not know about the offer, its called ''Ignite PL''.

Rate Offer: Preferred low rate offer of “Prime + 1.99%”.
• Loan Type: Variable Rate Personal Loan (VRPL).
• Loan Length: 5 year term /amortization.
• Loan Amount: Minimum $15,000.
• Campaign Period: applications have to be started June 18th to October 31st, 2018. Funds must be advanced by November 30, 2018.

As with all credit products, this can be very good or bad depending on your needs. Make sure you have a repayment plan. Rate is not negotiable as the P+1,99% is applied automatically. This is a variable rate and will fluctuate with BoC decisions. Be careful.

As of june 18, prime rate at RBC is 3,45% therefore total rate is roughly 5.44% which is a decent rate if you need a quick cash loan. It can be used to pay off debt or just general expenses.
Term length is 5 year maximum. If you need less than 15,000. Activate the loan and just reimburse the extra cash right away.
The offer goes PUBLIC on starting JULY 16th but it is live NOW.

*Edit : new banner

Cheers!
Images
  • vrpl-special-english.jpg
Last edited by MTLGuru on Jun 29th, 2018 10:55 am, edited 1 time in total.
Financial and Debt Advisor
52 replies
Deal Addict
Mar 14, 2006
1090 posts
511 upvotes
Toronto
You can get a secure LOC for P+0.5%
Jr. Member
Feb 29, 2016
183 posts
19 upvotes
Mississauga
Smiley22 wrote:
Jun 18th, 2018 11:56 am
You can get a secure LOC for P+0.5%
From where?
Deal Addict
Mar 14, 2006
1090 posts
511 upvotes
Toronto
I have a Secured LOC with CIBC ..Prime + 0.5%
Deal Addict
User avatar
Dec 12, 2005
2510 posts
215 upvotes
Smiley22 wrote:
Jun 18th, 2018 11:56 am
You can get a secure LOC for P+0.5%
doesn't help if you don't have a mortgage though - this is a different product (I too have a heloc at prime + .5% from RBC)
Jr. Member
Feb 29, 2016
183 posts
19 upvotes
Mississauga
I am a home owner but don't have enough equity to qualify for HELOC.

Need around 20k for repairs and guess this is my best bet!
Deal Addict
User avatar
Aug 3, 2007
2879 posts
38 upvotes
what would be considered decent credit score for approval for this? 650+?
:eek:
[Location]Adelaide/Sherbourne
[Email]andy.chau@me.com
Deal Addict
May 19, 2004
1671 posts
185 upvotes
Edmonton
I would say over 680 at a minimum. Also they don’t take a look at negative net worth guys? And lastly i assume they make you get life and/or disability coverage right?
Deal Addict
Apr 2, 2008
1125 posts
206 upvotes
That's insane.
I have prime plus 0
[OP]
Jr. Member
Oct 27, 2009
137 posts
252 upvotes
Montreal
5abi wrote:
Jun 18th, 2018 12:23 pm
I would say over 680 at a minimum. Also they don’t take a look at negative net worth guys? And lastly i assume they make you get life and/or disability coverage right?
Never, if an employee does that to you, they expose themselves to a fine and/or disciplinary measures as that is not a respectable practice. However, they may suggest you to have those coverage as you are entitled to 30 days to try after which you can cancel at your discretion. They do have to tell you exactly what it covers, how long i takes before your claim is paid and the cost.

Cheers!
Financial and Debt Advisor
[OP]
Jr. Member
Oct 27, 2009
137 posts
252 upvotes
Montreal
magic18 wrote:
Jun 18th, 2018 1:04 pm
That's insane.
I have prime plus 0
That's open to every client is it?
Financial and Debt Advisor
[OP]
Jr. Member
Oct 27, 2009
137 posts
252 upvotes
Montreal
Smiley22 wrote:
Jun 18th, 2018 11:56 am
You can get a secure LOC for P+0.5%
This is just a regular loan, not a line of credit. No collateral needed either.
Financial and Debt Advisor
Member
Apr 9, 2009
449 posts
477 upvotes
Calgary
Damn it, I just signed 5 year variable for 3.45 at RBC last month. This sucks lol
[OP]
Jr. Member
Oct 27, 2009
137 posts
252 upvotes
Montreal
Phlav wrote:
Jun 18th, 2018 1:11 pm
Damn it, I just signed 5 year variable for 3.45 at RBC last month. This sucks lol
Noooooo, you must be a very good RBC client :p. This is open for every client regardless of Net worth.
Financial and Debt Advisor
Deal Expert
User avatar
Apr 21, 2004
48998 posts
14434 upvotes
I'm definitely interested. Hopefully someone who works for RBC and is in the capacity of credit adjudication / granting loans can send me a message via PM to get the ball rolling.

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