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RBC Royal Bank Closed Variable Rate Mortgage Info & Reviews

Financial Products > Closed Variable Rate Mortgages > RBC Royal Bank Closed Variable Rate Mortgage
Detailed information, reviews and ratings for the RBC Royal Bank Closed Variable Rate Mortgage.
Useful when comparison shopping for a new canadian closed variable rate mortgage.

Information about the RBC Royal Bank Closed Variable Rate Mortgage

Product NameRBC Royal Bank Closed Variable Rate Mortgage
Available InCanada (All Provinces)
Offered ByRoyal Bank of Canada
Product PageRBC Royal Bank Closed Variable Rate Mortgage
Rate3.45%  Rate Increased from 3.2% to 3.45% on January 18, 2018

Chart of historical values for the RBC Closed Variable Mortgage Rate
  • 1 Year
  • 3 Years
  • 5 Years
  • 10 Years
  • All Data
Term Length5 years
Fixed PaymentsYes
Max Annual Lump Sum Prepayment10%
Max Annual Increase to Regular Payments10%
Payment SchedulesAvailable options include monthly, semi-monthly, bi-weekly, weekly, accelerated bi-weekly and accelerated weekly payments.
Additional NotesIt is possible to double the value of any regular mortgage payment at any time throghout the year and as many times as desired.

It is also possible, on most terms, to skip a mortgage payment once every twelve months so long as the mortgage is in good standing (other conditions apply as well).
Please Note: This database is intended to help you explore your options when looking for a financial product. Product features and information can change faster than we can update our database and we cannot guarantee the accuracy of the information in the above table.
Always visit the financial institutions product page and carefully review the information there before making a final decision.

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