How does RBC Royal Bank decide whether or not to approve my application for credit?
When you apply for a Royal Credit Line, Personal Loan or an RBC Royal Bank Visa card, you must demonstrate your ability to repay. In addition to checking your credit history from the credit bureaus and rating you on it, we use mathematical formulas to determine the balance between your income and your debt. If you have good credit and our calculations show that your total debt service ratio will allow you to comfortably manage the additional credit you’re applying for, you will likely be approved. If you are not approved, we will help you understand the reasons why.
