To be eligible for an RBC personal loan, you must be a Canadian citizen or permanent resident and meet the age requirement of your province or territory. While RBC doesn't publicly disclose specific credit score requirements, a good credit score (typically above 660) is expected. Income verification, through bank statements or tax returns, is also necessary to ensure you can repay the loan. For those with lower credit scores or variable income, adding a co-signer or co-applicant, who shares responsibility for the loan or guarantees repayment, may be beneficial. Specific details, however, must be confirmed directly with RBC, as they can provide personalized information and potential accommodations based on individual circumstances.
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