Mortgages

• Employment Status:

  Permanent / Self-employed

• Employment Tenure:

  1-2 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; Guarantee from FNDG (where applicable); 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
• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Agreement for Sale; Deed for property, Current Valuation Report; Up to date land & building tax receipts

• Employment status:

  Permanent / Self-employed

• Employment tenure:

  1-2 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 - 10 -15yrs (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
• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Agreement for Sale; Deed for property, Current Valuation Report; Up to date land tax receipts

• Employment Profile:

  Permanent / Self-employed

• Employment Tenure:

  1-2 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
• Two valid pieces of Identification, 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

• Employment Profile:

  Permanent / Self-employed

• Employment Tenure:

  1-2 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
• Two valid pieces of Identification, 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

• Employment Profile:

  Permanent / Self-employed

• Employment Tenure:

  1-2 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
• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Deed for Property, Current Valuation Report; Up to date land & building tax receipts, Detailed purpose of loan ( Debt Balance, Invoice)

When am I eligible for the RBC Royal Bank Mortgage Loan?

You are eligible when you enjoy permanent and sufficient income and are at least 21 years of age. The loan should be paid off before you turn 65 years of age. Other conditions may apply dependant on your specific situation.

How much may I borrow and for how long?

The amount of the loan depends on your age, income and fixed expenses. The maximum amount equals 80% of the market value of your house. RBC Royal Bank can finance 100% through ‘Fondo di Garantia’. The maximum loan term is 20 years, depending on your age.

Can my partner’s income be included as well?

We can include it, should you wish that.

Is any security required?

Yes, the house is required as security. Besides, your salary must be automatically transferred to the RBC Royal Bank and a Life Insurance policy plus an extensive Fire Insurance policy must be in place. These products are also available at our bank.