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RBC Plan for Pre-practicing Professionals
As you complete your academic program and begin your residency/internship, we'd like to help make sure you're off to a good start. That's why we've created the RBC Plan for Pre-practicing Professionals**. It can offer flexible financing options and convenient banking services to make it easier for you to manage your growing personal and professional financial needs.
 Flexible mortgage options that make it easier than ever to qualify
Day-to-day banking made easy
Managing your student debt
A dedicated Financial Advisor
As your primary contact, your Financial Advisor will provide you with tailored financial solutions to help meet most of your needs as a resident/intern. Whether it's helping you finance your home, manage your student loans or save for the future, your Financial Advisor can assist you with banking, credit and other financial information to help you meet your financial goals.
Flexible mortgage options that make it easier than ever to qualify
We recognize that you're in a very demanding stage of your life, and that finding the time and finances to manage your personal goals can be trying. That's why, if you're thinking about purchasing a home, we have a variety of mortgage options to suit your needs. Your Financial Advisor can help you minimize your down payment or monthly mortgage payment5. What's more - we make it easier than ever for you to qualify for mortgage financing options - giving you the flexibility to manage your competing priorities.
Day-to-day banking made easy
Our Royal Certified Service® account package (RCS) offers convenience, savings and everything you need in one place for just $12 a month:
Up to 65 debit transactions1 Free personal cheques1a Optional Overdraft protection on your account2 Access to your account 24/7 online, by telephone, Interac†, direct payment and ATM banking RBC Royal Bank Gold Client Card and much, much more
RBC Royal Bank Visa* Gold card
- The flexibility and convenience of a no annual fee card, plus increased purchasing power, travel benefits, security and peace of mind.*** Minimum Credit Limit of $5,0003.
Discount on our car loan interest rates4
- A discount of 1% on standard car loan rates available from us through RBC Royal Bank.
Managing your student debt
If you already have a Student Line of Credit through RBC Royal Bank, you continue to have the option to defer principal payments on that credit line until 12 months after completion of your residency/internship. And we continue to offer that line of credit to you at our prime rate+ - the rate reserved for some of our best clients. If your student loan is currently with another financial institution, you may wish to ask your Financial Advisor about the benefits of having all your accounts in one place.
After you complete your residency and throughout your professional career, we will continue to provide you with a full range of personal and business solutions designed with you in mind.
Tailored financial solutions for every stage of your professional life
† Trademark of Interac Inc. Used under license.
* Registered trademark of Visa International Service Association. Used under license.
** To qualify for the RBC Plan for Pre-Practicing Professionals, you must be a graduate student enrolled in a Canadian recognized medical residency or dental internship program, or practicing in Canada as a medical or dental associate.
1 Up to 65 debits per month (non-accumulative). Excludes withdrawals from other financial institutions' ATM's.
1a Free RBC Royal Bank style cheques (singles only).
2 Subject to credit approval. Outstanding overdrawn balances, including interest, are payable on demand. Interest on any outstanding overdrawn amount is calculated daily and charge monthly at a rate of 21% per annum. Once an account is overdrawn, a deposit at least once a month is required.
3 Subject to credit approval.
4 Subject to credit approval. Offer and standard car loan rates subject to change. Applies to car loans provided to account holder through Royal Bank of Canada directly, and excludes loans offered indirectly by Royal Bank of Canada through dealerships. See your Relationship Manager for details.
5 Subject to Royal Bank of Canada lending criteria and credit approval. All mortgage and lending products offered by Royal Bank of Canada.
*** I understand if I do not qualify for an RBC Royal Bank Visa Gold you may consider my application for an RBC Royal Bank Visa Classic Card with no annual fee.
+ Our prime rate is the annual rate of interest announced from time to time by us as a reference rate then in effect for determining rates on Canadian dollar commercial loans in Canada. Interest is payable during that period.
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