The Refinace Meter shows how likely you are to receive a loan from this financial institution. It assumes that you don’t have the money to repay the loan and have an average credit score.
If you don't have the funds to repay the CEBA loan by January 18,2024, to qualify for the loan forgiveness, Royal Bank of Canada RBC will consider extending a business loan to customers that meet their credit criteria.
If you do not qualify for financing and still would like to take advantage of the loan forgiveness of up to $20,000, click here to understand your options.
To repay the loan log in to RBC Online Banking for Business or RBC Express. You can also make payments to your CEBA loan through RBC Express, an RBC ATM, telephone banking or branch. You can transfer funds to your CEBA loan account to make payments.
Once the balance of your CEBA loan equals your eligible loan forgiveness amount, we will automatically apply your loan forgiveness payment and close your loan.
Follow these instructions for Online Banking:
For more information, please contact your relationship manager or call RBC at 1-844-220-2515.