Home Equity Loans

The equity in your home can be used for needed home improvements or to refinance other personal loans, such as credit card debt or car loans. A potential advantage of a Royal Bank home equity loan is that the interest may be tax deductible. (Consult your tax advisor regarding the deductibility of interest and charges.)

Royal Bank offers two types of Home Equity Loans:

• Closed-End Loans; a specific amount is borrowed and then paid back over an established period of time.
• Open-End Lines of Credit; a maximum dollar limit is established and the customer can borrow, pay down, then borrow again, up to the limit.

At your request, our Royal Bank lending experts will be happy to provide disclosures that fully explain the features of our home equity programs.

Take a look at our consumer loan brochure to view more detail and our many types of personal loans.

View Consumer Loan Brochure

Loan Inquiry Form