Personal Finance

Should i transfer my loan to RBC

  • Last Updated:
  • Oct 27th, 2019 5:34 pm
[OP]
Newbie
May 8, 2018
40 posts
6 upvotes

Should i transfer my loan to RBC

Currently have a Loan from Meridian CU with 17K balance @ 7.4%. Most of my banking is with RBC. I got pre-qualified for 10K RBC credit line @ 9.94%. Should i do a financial analysis (take a credit check hit) and see if they can offer me the same as my current loan, for the sake for having all my banking with RBC? My credit score is pretty good (mid 700)
2 replies
Deal Expert
Aug 22, 2011
35631 posts
21690 upvotes
Center of Universe
Credit hit is negligible if you can get a lower rate.
While my rate is grandfathered, it's currently at 5.95%, so you have something to work off of.
Deal Addict
Nov 8, 2017
1528 posts
853 upvotes
I was pre-approved last month as well. I point lower tho.

It was easy to accept, and activate

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