Skip Header Navigation

Personal >

Mortgages

Features and Benefits

  • Employment Status:

    Permanent / Self-employed
  • Employment Tenure:

    2 years (Permanent) / 3 years (Self-employed)
  • Employer’s Profile:

    Well-known privately owned companies. Companies banking with RBC Royal Bank in good financial standing State-owned companies, subsidiaries, quasi-government
  • Tenor:

    Maximum Tenor - 30yrs (to be repaid by retirement age) financial
  • Collateral:

    Registered First Mortgage;  Salary Assignment  and 20% downpayment; Assignment of all risk comprehensive policy over the property; Assignment of Life Insurance for the mortgagor(s)
  • Repayment Structure:

    Blended payments of principal and interest, amortized over the term of the loan

Requirements

  • Valid Identification (Passport, ID, Driver's License)
  • Current job letter and recent pay slips/ Audited (Management)
  • Financial statements for last 3 years
  • Agreement for Sale
  • Deed for property
  • Current Valuation Report
  • Certificate of admeasurements

Features and Benefits

  • Employment Status:

    Permanent / Self-employed
  • Employment Tenure:

    2 years (Permanent) / 3 years (Self-employed)
  • Employer’s Profile:

    Well-known privately owned companies. Companies banking with RBC Royal Bank in good financial standing State-owned companies, subsidiaries, quasi- government.
  • Tenor:

    Maximum Tenor - 10yrs (to be repaid by retirement age)
  • Collateral:

    Registered First Mortgage over property to be financed
  • Repayment Structure:

    Blended payments of principal and interest, amortized over the term of the loan

Requirements

  • Valid Identification (Passport, ID, Driver's License)
  • Current job letter and recent pay slips/ Audited (Management)
  • Financial statements for last 3 years
  • Agreement for Sale
  • Deed for property
  • Current Valuation Report
  • Certificatae of admeasurements

Features and Benefits

  • Employment Profile:

    Permanent / Self-employed
  • Employment Tenure:

    2 years (Permanent) / 3 years (Self-employed)
  • Employer’s Profile:

    Well-known privately owned companies. Companies banking with RBC Royal Bank in good financial standing State-owned companies, subsidiaries, quasi-government.
  • Tenor:

    Short term - under 1 year
  • Collateral:

    Registered First Mortgage; Contractors' All Risk Policy; Assignment of Life Insurance for the mortgagor(s)
  • Repayment Structure:

    Interest only with principal liquidation from disbursement of long term mortgage

Requirements

  • Valid Identification (Passport, ID, Driver's License)
  • Current job letter and two recent pay slips/ Audited (Management)
  • Financial statements for last 3 years
  • Deed for Property
  • Approved building plans
  • Builder's/ Contractor's estimate
  • Current Valuation Report
  • Valuator's/ Quantity Surveyors Progress report during the term of construction

Features and Benefits

  • Employment Status:

    Permanent / Self-employed
  • Employment Tenure:

    2 years (Permanent) / 3 years (Self-employed)
  • Employer’s Profile:

    Well-known privately owned companies. Companies banking with RBC Royal Bank in good financial standing State-owned companies, subsidiaries, quasi-government.
  • Tenor:

    Maximum Tenor - 30yrs (to be repaid by retirement age)
  • Collateral:

    Registered First/Second Mortgage over property to be financed; Assignment of all risk comprehensive policy over the property; Assignment of Life Insurance for the mortgagor(s)
  • Repayment Structure:

    Blended payments of principal and interest, amortized over the term of the loan

Requirements

  • Valid Identification (Passport, ID, Driver's License) 
  • Current job letter and two recent pay slips/ Audited (Management)
  • Financial statements for last 3 years
  • Deed for Property
  • Approved building plans
  • Builder's/ Contractor's estimate
  • Current Valuation Report - Valuator's/ Quantity Surveyors Progress report during the term of construction

Features and Benefits

  • Employment Status:

    Permanent / Self-employed
  • Employment Tenure:

    2 years (Permanent) / 3 years (Self-employed)
  • Employer’s Profile:

    Well-known privately owned companies. Companies banking with RBC Royal Bank in good financial standing State-owned companies, subsidiaries, quasi-government.
  • Tenor:

    Maximum Tenor - 30yrs (to be repaid by retirement age)
  • Collateral:

    Registered First/Second Mortgage over property to be financed; Assignment of all risk comprehensive policy over the property; Assignment of Life Insurance for the mortgagor(s)
  • Repayment Structure:

    Blended payments of principal and interest, amortized over the term of the loan

Requirements

  • Valid Identification (Passport, ID, Driver's License) 
  • Current job letter and two recent pay slips/ Audited (Management)
  • Financial statements for last 3 years
  • Deed for property
  • Current Valuation Report
  • Certificate of admeasurements
  • Detailed purpose of loan ( Debt Balance, Invoice)
 

Customer Service

 
 

Calculate your Payments

 
RBC Royal Bank has the Credit Card that’s right for your. Find out more