Managing Your Car Loan – RBC Royal Bank (2024)

Your Car Loan Made Easy

As an RBC auto loan holder, you have flexibility and access to offers to enhance your car ownership experience.

Flexible Payment Options

We want to make managing your car loan payments easy – whether you want to pay off your loan early, or need some breathing room once in a while.

Through RBC Online Banking, you can stay on top of your car loan 24/7:

Skip a loan payment: Skip up to the equivalent of monthly payment each year^1Disclaimer (Interest continues to accrue).
Delay a loan payment^2Disclaimer
Change your Payment Frequency^3Disclaimer
Check your balance, interest rates, and payment details

Enrol in Online Banking

To enrol in RBC Online Banking without an RBC credit card or client card, you will need the Transit Number (XXXXX) and Account Number (XXXXXXXXXXX) for your car loan*.

Here’s where you can find this information:

Welcome Letter

You received this in the mail from us shortly after you purchased your vehicle. You can find your transit and account number on this page.

Annual Statement

You can find your transit number to the right of the postal code in the top left corner of the page. You can find your account number in the ‘Details of Your Loan’ box in the centre of the page.

Protect What Matters

At RBC Royal Bank, we offer the security of LoanProtector^® Life and Disability insurance. You can safeguard not only yourself and your family’s lifestyle, but also your assets and net worth.

Learn More

Let’s Talk About Your New Car

My Auto Affordability Tool provides you with an estimate of how much you may be able to afford and what your trade-in may be worth^4Disclaimer. It only takes a few minutes and won’t affect your credit score.

Start My Auto Affordability Now opens in a new window

Save on Every Fill-Up

Get Up to 7¢ /L in value when you link your RBC^® Card to your Petro-Points^TM^{2Disclaimer,3Disclaimer}

Learn Moreabout saving through our RBC – Petro Points Program opens in a new window

Have More Questions?

Online Banking

Through RBC Online Banking, you can stay on top of your car loan 24/7.

Call Our Help Line

Talk to an Advisor today to help you manage your loan.

1-800-769-2511

Please be advised, our call centre is currently experiencing very long wait times. We encourage you to use our online booking toolnew window to schedule a time to speak with us by phone.

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^®/^TM

Trademark(s) of Royal Bank of Canada.

†

Petro-Canada is a Suncor business. Trademark of Suncor Energy Inc.

RBC automotive financing products are offered by Royal Bank of Canada by way of conditional sales contract (in Quebec, installment sales contract) and are subject to its standard lending criteria.

In order to be eligible to skip a payment, loan payments must be up to date and in good standing. Skipping a payment may result in extending the amortization period of the loan. If you skip a payment and your Loan is protected with Loan Protector Insurance, the premium (for the period of the skipped payment) will be collected from your next regular payment. This means less of the next payment will be used to reduce the principal amount of your Loan. If a payment is skipped for a fixed rate loan, interest will continue to accrue and will be collected when the next payment resumes. If a payment is skipped for a variable rate loan, the unpaid accrued interest as well as the interest on the part of the principal that went to payment of the missed Loan Protector premium will be added to the loan principal balance (‘’Combined Amount’’) thus increasing the principal amount outstanding on your loan. Interest, at the interest rate of the loan, is charged on the Combined Amount until it is paid in full. You may repay the skipped payment at any time.

To participate in this offer, you must have an RBC debit or credit card which is issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“RBC Card”). RBC Business Clients will only be able to link up to two (2) Business Credit Cards and one Business Debit Card to a Petro-Points card.

Any/every/your card means an RBC Card that is linked to a Petro-Points card. A linked RBC Member means you have an RBC debit or credit card issued by Royal Bank of Canada (excluding RBC commercial credit cards) (“RBC Card”) that is linked to a Petro-Points card.

The advertised value of 7 cents per litre is based on the following:
You must be enrolled in RBC Online Banking or the RBC Mobile app in order to link your RBC Card to your Petro-Points card. Card linking may take up to 2 business days to process before savings and bonus points can be applied to purchases. A Linked RBC Card means an RBC Card linked to a Petro-Points Account. Your Linked RBC Card acts as your Petro-Points card. You will automatically earn Petro-Points when you pay for qualifying purchases with your Linked RBC card at Petro-Canada Locations and you do not need to swipe your Petro-Points card before you pay. You can redeem your Petro-Points at Petro-Canada using your Linked RBC Card.

Each time you use your Linked RBC Card to purchase any grade of gasoline, or diesel, at a Petro-Canada Location, you will save three cents ($0.03) per litre at the time of the transaction.”

⁴

This is an automotive lending prequalification only, and not an automotive lending approval or pre-approval. The RBC My Auto Affordability Tool (“Tool”) provides an estimate of the amount of auto finance loan you may qualify for with Royal Bank of Canada based on the accuracy and completeness of information provided at the time of completion. You must submit a separate application for an automotive lending approval or a pre-approval and a full credit report, which will be subject to formal verification processes and assessed on current credit adjudication policies. You should not waive any financing condition based on the results of this Tool. For full Tool terms and conditions, visit https://www.rbcroyalbank.com/car-loans/maat/tc.html (opens in new window).