What are the requirements for getting a loan with Royal Bank of Canada?

To obtain a loan with Royal Bank of Canada, several requirements must be fulfilled. Firstly, borrowers need to meet the bank's age eligibility criterion, typically being at least 18 years old. Additionally, applicants must be Canadian citizens or hold permanent residency status. The bank typically considers the individual's creditworthiness, existing debt obligations, income stability, and employment history to assess loan eligibility. Documentation such as proof of identity, income verification, and other financial information may be required during the application process. Collateral might also be necessary for certain loan types. Meeting these criteria provides the foundation for a loan request with Royal Bank of Canada, enabling borrowers to access the financial support they require. For specific and updated information, it is recommended to contact the bank directly.