Get Your First Credit Card, Car Loan or Mortgage
Get Your First Canadian Credit Card – No Credit History Required2
Start building your Canadian credit history today with an RBC® credit card today. No credit history is required 2. You can apply for an RBC Royal Bank® credit card – Visa‡ or Mastercard‡. Two of our most popular credit cards with newcomers are:
RBC Cash Back Mastercard
- No annual fee
- Earn up to 2% cash back on grocery store purchases and up to 1% on everyday purchases22
Talk to an RBC advisor to help you find the right credit card
Buy Your First Home in Canada – No Credit History Required5
For many Canadians, buying a home is the single largest investment they will ever make. And given the costs of home ownership in Canada, it's common for many first-time homebuyers to borrow money to finance their first home purchase.
Before you start looking for a home you should know how much your mortgage payments will be – what you can afford. Our easy-to-use mortgage calculators can provide an estimate. This will help you set a realistic price range for the home so you can balance your home ownership dreams with your lifestyle needs.
To make it easier to achieve your home ownership goal, we have mortgage options specifically designed for newcomers to Canada.
If you’ve lived in Canada for less than 5 years, you can take advantage of these great benefits:
- Up to 30 years to pay back your loan24, with a down payment of at least 20%
- Firm, fast credit approval
Whether you are just starting to save for a down payment, or you're ready to buy your home now, an RBC mortgage specialist can make it easier for you reach your goal of owning a home.
Talk to a Mortgage Specialist
A mortgage specialist can meet with you anywhere to provide you expert advice and help with:
- Your mortgage pre-approval
- The purchasing process
- Mortgage rate inquiries
- Realtor referrals
- Advice on how to build your down payment
Buy Your First Car in Canada – No Credit History Required4
Most people in Canada borrow funds to purchase their first car, and with an RBC Royal Bank car loan, it is now easier than ever. Get on the road faster with an RBC Royal Bank car loan:
Here's our checklist25 for buying your first car:
- Research your car online
- Know what you can afford for a monthly car payment
- Get a car insurance quote
- Do a test drive
- If the vehicle is used make sure you get it inspected
- If the vehicle is used make sure there are no liens on it
Getting Started is Easy!
Ask for an RBC Royal Bank car loan if you are planning on buying a new or used car through a dealer or privately.
Find Flexible Credit Solutions for Your Needs
Whether you want to make a major purchase, buy a new or used car, renovate your home, or consolidate debt, we have the lending solutions for your needs and budget.
One of our most flexible loan options is the RBC Royal Credit Line®: