Leveraging the equity customers have built in their home is a great way to take advantage of smart borrowing options. With a home equity loan or line of credit from RBC Bank (USA), customers can get the cash they need to consolidate debt, remodel their home, pay tuition or make a major purchase. They enjoy a lower interest rate than most credit cards and other types of loans. RBC Bank's (USA) Home Equity Loans are for a specific amount with a set rate and fixed monthly payments for a fixed term. Customers receive a check for the full loan amount in one lump sum and have to access loans are $3,000 minimum. The bank's Home Equity Line of Credit is a revolving line of credit with a variable interest rate and flexible monthly payments and access to funds repaid. Customers can access funds - write checks and transfer between accounts using Online Banking. Loan amount is $3,000 minimum.