| PY2025 Application Fees |
Subsequent Application Fees |
Interest Charge |
Default Fee (Outstanding Balance) |
Default Interest (Pre-Default Date) |
Default Interest (Post-Default Date) |
Repayment without Proof of Sale Penalty Rate |
| $400 |
$100 |
RBC Prime - 0.5% |
3% |
RBC Prime + 1% |
RBC Prime + 3% |
RBC Prime + 1% |
Financial Terms for PY2025:
Initial application fee – $400
Subsequent application fees – $400.
Interest Charge – Advances over $250K are subject to RBC Prime - 0.5%
One-time Default Service Fee of 3% on the outstanding balances after the default notice
Default Interest Spread (Pre-Default Date) – Advances in default status prior to the default date are charged at an interest rate of RBC Prime + 1%
Default Interest Spread (Post-Default Date) – Advances in default status after the default date are charged at an interest rate of RBC Prime + 3%
Repayment of Advances without providing a Proof of Sale are charged at an interest rate of RBC Prime + 1%
Important Notices & Highlights? 
