At RBC Royal Bank, we understand and appreciate your complex banking needs as a professional and it is with this understanding that we specifically designed the RBC Royal Bank Professionals' Package to bring the same qualities you would to your clientele – qualities such as knowledge, dedication, expertise and the commitment to excellence in identifying and meeting customer needs.
Whether you’re a student, resident or intern; practitioner; or practice owner, we are equipped with the experts and tools necessary to delve deeper into your unique circumstances and goals, and provide advice and financial solutions to achieve these goals.
With our suite of professional packages, we help you put the focus on where it should be – your studies, your clients and your business.
To be eligible for the benefits under the Professional Solutions you must be an accredited:
Medical Doctor; Dentist; Veterinarian; Architect; Chartered Accountant; Engineer; Lawyer; Optometrist; Pharmacist.
Students & Interns Portfolio
As you strive toward becoming an accredited professional, we’re here to help you with all your financial challenges!
As you strive toward becoming an accredited professional, we’re here to help you with all your financial challenges!
If you have decided to pursue a degree in an accredited professional faculty or you are in the internship phase of your career, you may need to consider the following:
- How are you going to fund your education?
- Do you have a savings plan for semester expenses?
- Do you need a laptop or tablet for projects, research etc.?
- Do you need a vehicle to get around quickly and easily?
- How do you plan to pay rent and other bills?
With RBC Royal Bank Professional Solutions, you can put your focus where it should be – on your studies and training– while we look after all your financial needs!
So you've been accepted into an accredited professional faculty, congratulations! But how are you going to finance your tuition?
Your need:
Education Loans
Ask for:
How RBC Royal Bank can help:
Education loans are available with flexible terms to suit your needs. While you’re in school, you may choose to pay interest only at a very competitive rate. After graduation, you will have a period to establish yourself before you begin repaying the loan principal and interest over a flexible period.
Ask for:
Education Loans
You'll get:
- Interest only educational loans for the entire duration of study
- Preferential interest rates
- Discounts on fees and service charges
We know that during your study or internship period you may incur a number of expenses. However, with the rigours of your demanding schedule it would be convenient to have a vehicle to get around. RBC Royal Bank makes it affordable for you or your parents to finance this purchase.
Your need:
To purchase a new or pre-owned vehicle
Ask for:
How RBC Royal Bank can help:
Special offers are available for car financing during your study or internship period.
Ask for:
Vehicle Loans
You'll get:
- Preferential interest rates
- Up to 100% financing on new or pre-owned vehicles
- Discounts on fees and service charges
- Flexible and affordable repayment terms
Tuition is one expense, but what about books, room and board, purchase of a computer, entertainment, groceries and all other expenses? Have you thought about how you would fund these?
Your need:
Readily accessible funds to cover personal expenses; Convenient and secure payment solutions.
Ask for:
How RBC Royal Bank can help:
Your RBC Royal Bank Credit Card® can act as a short-term, interest-free loan whenever you need it. It’s a safe and convenient way to pay for purchases and can be an indispensable backup in emergency situations whether you’re home or abroad.
Ask for:
You'll get:
- Enhanced security with Chip & PIN technology
- Zero liability – protection against unauthorized use of your card
- Price protection – Get reimbursed for the price difference should the same product be found at a lower price than the price paid with your card
Personal Portfolio
Whether you are new to your field or a seasoned veteran, our financial solutions are designed to meet your professional and personal financial goals.
Whether you are new to your field or a seasoned veteran, our financial solutions are designed to meet your professional and personal financial goals.
As a professional, you may find that you have unique needs with financial implications. For example:
- You may wish to travel to attend conferences, lectures or courses on subjects of interest.
- You may have had a long and expensive education phase and, while this may set you up for high earnings in the future, it may take some time to build sufficient equity for loan down payments to purchase cars, houses and other assets.
- You may wish to specialize, or the professional association to which you belong may have mandatory professional development requirements.
- You may wish to ensure that when you retire, you and your family can maintain your current lifestyle.
See solutions for all your major needs below.
A sturdy and dependable vehicle is a necessity for most professionals. For client visits, emergencies or opportunities, mobility is of utmost importance.
Whether you have your sights on a new luxury vehicle or a quality pre-owned vehicle, RBC Royal Bank will help you acquire it.
Your need:
Vehicle financing
Ask for:
How RBC Royal Bank can help:
We have special discounts, terms and conditions to make this purchase affordable, convenient and stress-free.
Ask for:
Vehicle loans
You'll get:
- Up to 100% financing
- Preferential interest rates
- Discounts on fees and service charges
- Flexible and affordable repayment terms
Related Solutions:
- Premium Financing - We also provide premium financing if you prefer to pay your vehicle insurance with small monthly installments.
- Automatic Savings Plan - While 100% financing is available, you may prefer to save for this purchase to reduce the amount of borrowing required. We will be pleased to help you set up an Automatic Savings Plan for the initial costs associated with buying a vehicle.
As a professional, you will probably want and need to upgrade your skills and knowledge by pursuing second or post-graduate degrees or through attendance at conferences or courses. In fact, for some professional bodies, Continued Professional Development (CPD) is a mandatory requirement.
Your need:
Financing for Continued Professional Development (CPD)
Ask for:
- Personal Loans for Continuous Professional Development
- Credit card for travel
How RBC Royal Bank can help:
RBC Royal Bank has special loan packages for CPD after completion of formal training which includes financing for:
- Short courses
- Second or post-graduate degrees
- Specialization programmes
- Travel for conferences
Ask for:
- Education Loans
- Personal Loans for Continuous Professional Development
- Credit card for travel
You'll get:
- Up to 100% financing
- Discounted interest rates & fees
Generally, the more you earn, the more you spend. As your income increases, you can enjoy more of life’s luxuries such as travelling to exotic destinations, shopping or fine dining with family, friends or clients. You therefore need secure methods of payment, sufficient funds to cover large purchases and, while you’re at it, why not earn rewards for every dollar spent?
Your need:
Convenient and secure payment solutions and readily accessible funds to cover expenses.
Ask for:
How RBC Royal Bank can help:
- We can provide lines of credit to quickly and easily finance personal expenses.
- We can provide you with a payment solution that fits your lifestyle and offers higher limits, best in class rewards and world class service.
Ask for:
You'll get:
- Excellent rewards on your purchases
- Easy access to credit
- Flexible repayment terms
- Discounts on fees and services charges for overdraft facilities
Few life events are more exciting than buying or building your dream home.
While some professionals may invest in this dream very early in their careers, many may build, buy, relocate or upgrade later on in life, as income and equity increases allow them to do so.
Also, because of their specialized skills, some professionals continue working well beyond the standard retirement age. This provides them with additional income which can help service loans after retirement.
At RBC Royal Bank, we understand professionals.
Your need:
- To finance the purchase or construction of your dream home
- To purchase land for the eventual construction of your home
How RBC Royal Bank can help:
- We offer flexible terms and conditions on residential mortgages.
- We can show you how to make the value of your home work for you.
Ask for:
- Residential mortgages
- Land (Lot) loans
- Home Equity financing
You'll get:
- Repayment terms of up to 30 years (not restricted to retirement age)
- Discounted mortgage interest rates
Related Solutions:
- Automatic Savings Plan – You may also need to save for this event to reduce the amount of borrowing required. We will be pleased to help you set up an Automatic Savings Plan for the initial costs associated with buying a home.
While these terms are often used interchangeably, it is important to differentiate between saving and investing. Both play an important role in creating financial security.
Your need:
Savings solutions for emergency and planned personal expenses and investment options for longer term wealth accumulation and retirement planning.
Ask for:
- Savings accounts
- Term deposits
- Future Cash Retirement Savings Plan
- Mutual Funds
- West Indies Stockbrokers Limited
How RBC Royal Bank can help:
We can provide guidance and information on the banking solutions suitable to your specific needs.
Ask for:
- Interest Earning Savings accounts
- Retirement Savings Plans*
- Mutual Funds*
- Investment instruments available through one of our affiliates
- Our “Business of You” booklet – a step by step guide to mastering your financial life
You'll get:
- Access to a wide range of financial products
- Sound financial guidance, leveraging the global RBC network Related Solutions
- Automatic Savings Plan – You may also need to save for this event to reduce the amount of borrowing required. We will be pleased to help you set up an Automatic Savings Plan for the initial costs associated with buying a home.
Business Portfolio
There is a lot more to running a practice than helping your clients. Whether you’re looking to start or expand your own practice, our Professional Solutions® - Business Portfolio will help look after all your financial needs!
Creating a healthy practice every step of the way with RBC Royal Bank!
As a professional with your own practice, you may need to:
- Cover initial/start-up expenses of a new practice
- Rent/buy/build property for your practice
- Renovate/expand/upgrade your existing premises
- Update equipment and replace aging technology
- Minimize your risk exposure through insurance coverage
- Eventually sell your practice
As you can see, there is a lot more to running a practice than helping your clients.
With RBC Royal Bank Professional Solutions®, you can put your focus where it should be – on your clients – while we look after all your financial needs!
Few events are more exciting than starting your business. We understand that this is a serious commitment and we want to ensure that you have the right financial support for this major milestone.
Your need:
Start your own practice
Ask for:
- Commercial mortgage
- Business loans for equipment, company vehicles and business premise upgrades
- Revolving lines of credit for working capital
- Credit cards for business expenses
- Merchant point of sale facilities
- Online payment solutions
How RBC Royal Bank can help:
RBC Royal Bank has Relationship Managers who work with professionals every day and can offer advice and support to help you succeed.
You can obtain flexible and complete business solutions tailored to the specific needs of your practice.
Ask for:
- Commercial mortgage
- Business loans for equipment, company vehicles and business premise upgrades
- Revolving lines of credit for working capital
- Credit cards for business expenses
- Merchant point of sale facilities
- Online payment solutions
You'll get:
- Up to 100% financing
- Preferential interest rates
- Waivers and discounts on fees
- Longer repayment periods
- Flexible and affordable repayment terms
As your practice grows, you may find that your existing premises no longer suit your needs and those of your expanding client base.
Your need:
Purchase your own business property or make renovations to existing premises
Ask for:
- Term loans
- Commercial mortgages
How RBC Royal Bank can help:
We can finance your renovations or help you to build or purchase property for your practice.
Ask for:
- Term loans
- Commercial mortgages
You'll get:
- Preferential interest rates
- Waivers and discounts on fees
- Flexible repayment arrangements including up to 1 year deferral on principal payments
Purchasing a vehicle or equipment for company business?
Depending on your profession, you may need equipment or a company vehicle for delivery, courier services or visiting clients.
Your need:
Flexible financing for your vehicle purchase
Ask for:
Vehicle Loans
Term Loans
How RBC Royal Bank can help:
Whether you're shopping for a car or another type of company vehicle, we have financing options that help you save money and offer the best terms and conditions.
Ask for:
Vehicle Loans
You'll get:
- Up to 100% financing
- Preferential interest rates
- Discounts on fees and service charges
- Flexible and affordable repayment terms
With the rapid pace of technological innovation in your industry, you will need to continuously invest in equipment upgrades to maintain a competitive edge.
Your need:
Purchase and/or upgrade equipment
Ask for:
Term loans for the purchase of equipment and machinery
How RBC Royal Bank can help:
RBC Royal Bank offers special loan packages for professionals purchasing or upgrading equipment and machinery for their practice.
Ask for:
Term loans for the purchase of equipment and machinery
You'll get:
- Up to 100% financing
- Preferential interest rates
- Waivers and discounts on fees
- Longer repayment periods
- Flexible repayment arrangements including up to 6 months deferral on principal payments
Collecting Revenue Efficiently and Securely
As a business owner, you want to make it easy and secure for customers to pay for your service. You also want to ensure that the income is readily available to you.
Your need:
Ability to accept both debit and credit card payments from your clients and have funds automatically credited to your business bank account for ready access.
Ask for:
Merchant point of sale solutions
How RBC Royal Bank can help:
RBC Royal Bank can provide reliable processing and management of card payment services, through wired or wireless electronic point-of-sale terminals.
We make it safer to do business by providing an alternative to holding cash on site.
Ask for:
Merchant point of sale solutions
You'll get:
- Discounts on fees
- Fast and easy installation
- Excellent service and support
Automating your cash management
With time always at a premium, you want the capability to manage and monitor your bank accounts, track and manage cash flows and pay salaries, loans and suppliers from the convenience of your office.
Your need:
Automated cash management solutions
Ask for:
Digital Banking Solutions
How RBC Royal Bank can help:
RBC Royal Bank can provide 24/7 access to your business accounts. With our online automated cash management solutions, you can:
- View your business account balances
- Monitor transaction history
- Transfer funds to accounts in your name or to 3rd parties
- Pay salaries, loans or suppliers
- And much more
Ask for:
Digital Banking Solutions
Savings & Investment Solutions
While businesses need a certain level of cash to operate and cover planned and unforeseen expenses, any surplus cash should be profitably employed to ensure the future security and long-term stability of the business.
Your need:
Short term saving solutions for temporary cash surpluses, and medium to long-term instruments for consistent cash surpluses.
Ask for:
- Term Deposits
- Mutual Funds
- West Indies Stockbrokers Limited
How RBC Royal Bank can help:
Our diverse product menu spans traditional savings to highly sophisticated investment instruments.
We can provide guidance on the solutions that will allow you to put the surplus cash balances to work.
Ask for:
- Certificates of Deposit
- Mutual Funds
- Investments instruments
You'll get:
- Access to the local, regional and international financial instruments
- Sound financial guidance
Succession Planning
As business owners, the time may come when you wish to consider selling the practice or merging with another business.
Your need:
- Determine the value of your business as a going concern
- Arrange the sale of your business
Ask for:
- Trustee services
- Advice and financing for mergers & acquisitions
- Shareholder (buyer) equity or loans
- Retirement plans through one of our affiliates
- Investment solutions through one of our affiliates
How RBC Royal Bank can help:
At RBC Royal Bank we can provide you with the necessary advice on the sale of the business as well as assist the purchasers with the financing needed to acquire your practice.
Ask for:
- Trustee services
- Advice and financing for mergers & acquisitions
- Shareholder (buyer) equity or loans
- Retirement plans through one of our affiliates
- Investment solutions through one of our affiliates
