The Royal Bank of Canada (RBC) is offering School of Accounting and Finance (SAF) students enrolled in one of the following programs:
- Accounting and Financial Management (AFM), Math/CPA, Biotechnology/CPA
- Master of Accounting (MAcc)
- Master Taxation (MTax) and
- PhD in Accounting
Some highlights of this credit line are:
|
SAF rate
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Typical rate
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|
|---|---|---|
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Credit line
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Prime + 0.50%
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Prime + 1%
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|
Services charges
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free for 1 year
|
free for 6 months
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|
Repayment interest
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Prime + 0.50%
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Prime + 3.5%
|
|
Co-signer
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Graduate level studies - No
Undergraduate level studies - Yes
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Yes
|
Although we cannot guarantee the lowest rate, we can guarantee that the RBC Royal Bank at 70-74 King Street South, in Waterloo, knows about your program and will offer you outstanding customer service.
For MTax applicants
RBC will evaluate LoC applicants without a co-signor under the following scenarios:
- if the student is enrolled as a part-time student and working full-time
- if the student currently already possesses one professional designation, but will be pursuing another designation and have already registered with the governing body (Chartered Professional Accountants (CPA), Bachelor of Law (LLB), Doctor of Law (JD))
- if the student is currently in the process of completing a professional designation
- if the student plans to pursue a professional designation after completion of MTax and has already registered with the governing body of Chartered Professional Accountant (CPA) Ontario, Law Society of Upper Canada (LSUP), etc.
The above scenarios are not exclusive. RBC reserves the right to evaluate each applicant on an individual basis. It is the hope that RBC will be able to offer all MTax students the RBC LoC without the need for a co-signor.
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Lloyd Bi |
Jared Estrada |
Lloyd and Jared service Kitchener, Waterloo, Cambridge and Guelph, and are ready to help you with your Financing needs.
