Royal Bank and MUN’s Computer Purchasing Centre
Personal Computer Financing for Students
The Computer Purchasing Centre (CPC) and the Royal Bank offer the following financing options for the purchase of computers,
printers and accessories. Under this plan the bank offers the student the option of making regular payments or interest only payments
during the time he/she is at University. Principal payments may be made or increased at any time without penalty.
Features of the Royal Bank financing are:
-Enrolled in Memorial University and Approval
from Royal Bank
-Interest only paid monthly, while in school
-Payments on principal may be made at any
time without penalty!!
-PRIME + 1% **
-Qualified Co-signer required
-No Co-signer required, but client must qualify in
terms of income and satisfactory credit history
(**) Interest will fluctuate depending on the prime rate. See bank for details.
-Complete an order form from the CPC for a computer purchase to determine
the amount of funds required. Call (1-800-ROYALTM-9-9 (1 800 769-8599)
or visit your local Royal Bank branch to complete a STUDENT ROYAL
CREDIT LINE application. Come back to CPC and place your order.
- Less expensive than purchasing through a credit card!
- Prime + 1% is a great loan rate!
- Student Royal Credit Line approval within a few days of all
- Affordable monthly payments!
Purchase Micro Computer
Total Purchase Price
Total Cost including Tax
Interest Only Until Graduation Payment Option
12 month interest cost (at prime rate if 6.25% plus 1%)*
12 months interest cost
Cost per month (year 1)
(*) Example assumes Bank’s prime rate is 6.25% and remains fixed for twelve
PLEASE NOTE: Total cost of the interest only option depends on the period of
time used. The CPC does not recommend exclus