Who can request the Royal Bank loan to buy your first car?
O Royal Bank loan for purchasing your first car is intended for any resident of Canada who is of legal borrowing age, has a satisfactory credit history and can provide proof of income and identity. Additionally, pre-qualification is highly recommended to simplify the process.
Buying your first car is an important milestone in anyone’s life. With the RBC Royal Bank Auto Loan, you can make this dream come true quickly, easily and affordably.
Requirements to acquire the Royal Bank loan to buy your first car
✅ Have at least 18 years old
✅ Be resident not Canada
✅ A good credit history can make approval easier
✅ Valid identification
✅ Proof of residence
✅ Proof of income
A tip for you!
The RBC does not penalize early repayment of the loan, providing greater financial freedom. Choosing a term that varies from 1 to 8 years also helps you adjust the installments to your budget.
For those looking to save even more, RBC offers special interest rate programs with select manufacturers, making purchasing your first vehicle even easier.
Fees Royal Bank loan to buy your first car
Interest rates are competitive and may vary depending on the customer profile and the partnership with specific manufacturers. Consult the loan calculator on the website for specific simulations
How to request a Royal Bank loan to buy your first car?
Access the RBC website and fill out the online re-qualification. After that, visit a partner dealership to explore the vehicles and take the test drive. Discuss financing options with your dealership representative and apply for financing directly on site. Complete the necessary procedures and sign the financing documents.
Don’t wait any longer to make your dream of your first car come true. Click the button below and go directly to the bank’s page.