2640 Rice St. Paul,MN 55113 United State

Reward Current Account

The everyday banking account with no monthly fee for maintaining the account and other free services.

Ultimate Reward Current Account

Travel insurance, mobile phone insurance, car breakdown cover and more.

Student Current Account

An account packed with everything you need to help make the most of your studies and lots more.

Investment Banking

We are a leading solutions-driven Corporate and Investment Bank that offers our clients innovative advisory and financing solutions.

Royal Credit Union
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Technology that keeps getting better.

We never stop looking for ways to make banking simpler, smarter and better. And as our customer, you should always expect to see new developments from us. Try chatting with Leo on FB messenger or WhatsApp, use our Mobile App or simply dial our USSD codes. It’s that easy.

  • Mobile Banking
  • Online Banking
  • Deposit With ATM
  • Online Account Opening
Hamza Shatela

Founder of Royal Credit Union

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Our Client Coverage team offers a single point of contact by navigating, co-ordinating, using and enriching the services of RMB and the rest of the FirstRand Group.

The team members have strong backgrounds in corporate banking, global markets and investment banking and approach the market in specialised industry teams. The sector teams gather and provide insight into each environment, including the needs, nuances, policies, market drivers and role-players in each. By leveraging deep banking knowledge with specialist insight and a thorough understanding of our clients’ businesses, we offer a true banking partnership to clients and stakeholders in the following sectors:

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  • Financial Institutions
  • Manufacturing
  • Public Sector
  • Real Estate
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  • Construction
  • Technology
  • Logistics
  • Media
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  • Retail services
  • Oil and Gas
  • Telecommunications
  • Retail
Our multidisciplinary Debt Capital Markets (DCM) team gives clients in sub-Saharan Africa access to capital markets in Africa and internationally in the Eurobond markets, to meet their debt capital raising requirements.

We focus on debt issuance in markets where we have a full banking presence. We are the leading player in the advisory, arrangement and facilitation of bond issuances in sub-Saharan DCM. We deliver innovative and optimised solutions to clients across a broad spectrum of industries through:

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  • Corporate bonds
  • Sovereign bonds
  • Convertible bonds
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  • Infrastructure Bonds
  • Securitisations
  • Inflation linked notes
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  • Interest loan notes
  • Bond issuance
  • Commercial Paper and others
Our unique Principal Investments (PI) funding solution enables us to structure, advise and fund bespoke transactions in the mezzanine or shareholder layers of the capital structure.

We deploy this solution in all major asset classes, typically by providing quasi-debt or preferred equity funding at either company or shareholder levels. We are not limited by asset classes and over the past decade have implemented it in a range of assets, including the corporate, real estate, renewable energy, BEE, mining and telecoms sectors. One of the main features of our PI solution is the flexibility that it provides to companies and investors. It is also attractive for BEE transactions where parties require flexibility (given the limited amount of cash flows available).

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Our partnership approach enables:
  • Funding that is covenant-light, typically limited-recourse and roll-up in nature (five to seven years). This gives management and shareholders the breathing room to focus on core business activities and aligns the repayment of the facility with corporate action or an exit.
  • A long-term view on the performance of the business or asset.
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We would consider the PI solution where there is a need to fund:
  • Liquidity for distributions to shareholders.
  • Equity bridges with a view to an IPO or other liquidity event.
  • Monetising of stakes without having to sell.
  • Following of rights issues or capital calls.
  • MediaGrowth initiatives where senior debt capacity has been depleted
Our Bank has one of the largest advisory teams in Africa. The team has been ranked as the leading Corporate Finance team in South Africa for the past five years.

Our Bank Corporate Finance team forms an integral part of the global corporate finance advisory team and has been involved in several leading advisory transactions, including:

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  • Mergers and Acquisitions
  • Valuations
  • Listings
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  • Corporate restructurings
  • Equity-linked funding
  • Capital raisings
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  • Share buy-back solutions
  • LBO transactions
  • Principal investments
Our Leveraged Finance team advises, develops and structures innovative, multi-disciplinary and integrated financial solutions across the entire debt financing spectrum.
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The team has led and concluded several high-profile leveraged finance and preference share deals for clients:
  • Corporate acquisitions
  • Balance sheet optimisation
  • Recapitalisations
  • Management buy-outss
  • Leveraged buy-outs
  • BEE transactions
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The team covers all aspects of debt financing, including:
  • Debt and capital structure advisory
  • Debt arranging and structuring.
  • Term debt funding (senior and mezzanine).
  • Hybrid capital funding solutions including quasi equity and equity-linked options.
  • Corporate bonds issuances (convertible bond issuances)
  • Syndication through an extensive distribution network into the banking and investment markets
As the world’s emerging economies continue to expand, energy consumption is expected to increase substantially. Our Resource Finance team offers innovative and optimised solutions to enable clients in the mining, oil and gas industries to deliver resources to fuel the energy needs in sub-Saharan Africa.

The Resource Finance team collaborates with a number of business units within RMB to provide holistic solutions to clients through:

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  • Project finance and limited recourse offerings
  • Acquisition finance for mergers and acquisitions through a range of products including normal loans, preference shares and bridging loans.
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  • Oil and gas finance with a specific focus on the upstream (development finance, receivables finance and reserve based lending), midstream (oil and gas pipelines and storage facilities) and oil services industries
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  • Corporate debt solutions and balance sheet optimisation to optimise the capital structures and tax position of companies
  • Commodity linked financing for non-traditional commodity loans such as gold and copper loans
Royal Credit Union

Our Services

We offer the following services and solutions..

PERSONAL BANKING

We cater for your innermost needs by giving you an array of banking options that suit your personality.

STRATEGIC ADVISORY RESEACH

Through the maintenance of a quality balance sheet, we will support infrastructural development across the continent and be the lead bank in Africa’s renaissance.

TRADE & TREASURY PRODUCTS

Treasury products include a firm’s collections, disbursements, concentration, investment and funding activities all round. Giving you more opportunities to invest.

ENERGY BANKING

Energy Bank of choice by offering our stakeholders value added customised financial solutions whilst maintaining high standards of professionalism towards all our customers.

LOAN

With longer-tenure credit, flexible payment plan and lower equity, banking with us is a rewarding relationship that enables you to enjoy life..

MONEY TRANSFERS

With these services, you can securely send and receive funds quickly and conveniently to anyone across the world.

CARDS

Our cards are issued to clients that perform one or more of a number of services that relate to giving the client access to numerous services.

CORPERATE SOLUTIONS

We are committed to the development of the real sectors of the economy. We offer a portfolio of corporate & commercial banking services.

Loan Calculator

Finding the right loan to fit your budget is an important step for your financial security. With this calculator, you can find out how much money you can borrow based on the monthly payment you want to make, or you can find out what you'll pay monthly based on how much you want to borrow. Examine all the details to find the loan that works best.

Enter your loan amount

please enter amount $100 to $1000

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Royal Credit Union Mobile

Banking at your fingertips

Royal Credit Union Mobile powers a wide range of solutions for your mobile and digital devices that are fast, safe and easy to use. And we’re continually developing new technology that brings banking to you wherever, whenever.

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Royal Credit Union MobileMoney

The power to send

When it comes to sending cash and making payments by mobile, we offer a service that suits you. Royal Credit Union partners with Africa’s leading mobile telecoms companies, so you can bank quickly and easily on your phone.

Learn more.
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Apply Loan Online

Shop with less worry. We can cover a return if you need it.

Learn more.
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Royal Credit Union Mobile Banking

The power to bank at your fingertips

Royal Credit Union Mobile banking lets you transfer money, make payments and request statements directly from your bank account. Check if it’s available in your country.

Key features: Make instant transfers Check balances Pay bills Read mini-statements Buy airtime --> Learn more.
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Royal Credit Union Mobile App

The power to bank 24/7 on the go

The Royal Credit Union Mobile app lets you do all your banking and money transfers whenever you want on your smartphone. look out for it coming soon to your country.

Learn more.

Need a loan?

See how much we could lend you by using our online loan calculator. How much we lend and the rate available are subject to our assessment of your circumstances.

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What does Home Loan Advisor do?

Our Personal Loan calculator will help you gain a better understanding of how much you could borrow and how much your repayments might be. Whilst this calculator will give an indication of monthly payments and APR, you can find out your personalised rate by applying.

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What does Car Loan Advisordo?

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What does Real State Advisor do?

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What does Business Loan Advisor do?

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What Business Loan Advisor do?

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Contact us today

Call us today, leave a message, email or find your nearest office below and We are here for you 24 hours , 7 days a week.

We are here for you 24 hours a day, 7 days a week

Address : 2640 Rice St. Paul,MN 55113 United State

Email : info@royalcreditsunions.com

Make An Apply Today

Our Testimonials

We love our customers... and they seem to love us right back! Check out what they have to say and who knows, maybe you'll be the next customer testimonial we can share here on our website!

Very satisfied!

I'm sure there are others who this offer greatly helps to alleviate at least some of their burden. I am both grateful and proud that Royal Credit Union Bank is a partner I can depend on. Thank you so much!

David Smith
Marketing manager

Very satisfied!

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Michael Jhonson
Engineering Officer

Very satisfied!

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Mark Lee
Contractor

Very satisfied!

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James Brown
Web Developer

Very satisfied!

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Maria Lopez
Sales Manager

Our Clients

We work with organizations of all shapes and sizes across all industries with the majority of our clients being large global organizations. Below you will find a sample of our current clients.

Compare personal loan rates in 2 minutes

Our FAQs

Still have questions?
Our Client Success Team is always here to help

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  • Mon - Thurs 6am – 6pm PT
  • Fri 6am – 6pm PT
  • Sat - Sun 7am – 4pm PT
Chat With Us
Once you’ve applied for a personal loan online, there are four possible outcomes:
1. Your application is instantly approved

We'll send you an email to confirm that we've successfully received your completed application and that you've been approved for the loan. We’ll send you another email to let you know when we’ve issued the loan funds.


2. Your application is approved, but we need some additional information

We’ll send you an email to confirm that we’ve approved your loan. We’ll also send you a letter to let you know what additional information we need you to supply. Once we have this information, we’ll send you another email to let you know when we’ve issued the loan funds.


3. We need to review your application before we can make a decision

We’ll send you an email to confirm that we’ve successfully received your submitted application and that we'll need to review it in more detail. We’ll then contact you again by email within 2 working days to give you our decision following our review.


4. Unfortunately, we're unable to offer you a loan at this time

We’ll send you an email to confirm that we’re unable to offer you the loan you’ve applied for at this time.

In most cases, if your application is approved, you'll be able to sign up for your loan online (instead of Nationwide sending you a paper agreement to sign and return). By signing for your loan online [electronic contracting] you'll be entering into a legally binding contract. You'll receive a copy of the loan agreement for your records, and this will be sent to you when the loan funds are issued.

In some situations electronic contracting may not be available to loan applicants, and in this instance a paper loan agreement will be sent to you to sign and return. Currently, we're unable to offer electronic contracting for joint applicants.

When we’ve received everything we need, we’ll finalise your loan agreement and issue your funds to your chosen account. If you chose to repay any existing loan you have with us, we'll use the new loan to repay it on your behalf and any surplus will be released to your chosen account.

If you choose to pay your loan into a Nationwide current account, the funds will normally be available within 2 hours. For other Nationwide accounts the funds will be available within 1 working day, and for all other accounts, within 3 to 5 working days (interest will be charged from day 1).

Your circumstances can change over any given period and we'll be pleased to consider a new application from you in due course. However, if your circumstances have not changed since your last application it's unlikely that our decision will change. We will not refuse any application just because we have declined a previous one.

A loan is an amount of money that you borrow for a specified length of time. You receive a one-time, lump sum that is paid down through fixed monthly payments with a fixed rate for a fixed term. A line of credit is a borrowing limit extended to you. The funds are available to you up to a pre-assigned credit limit and you have the ability to reuse your line of credit as you repay. Your monthly payment will be based on the amount of the line you have outstanding.

One of the benefits is that there is no asset (car, house, etc.) acting as collateral against the borrowed funds, which simplifies the application process. Whether you need to make necessary home or car repairs, purchase appliances, cover major life events (weddings, vacations, etc.) or have other major expenses, your personal loan is there to help make your plans a reality with funds in one lump sum.

A personal loan is a great option to consolidate multiple debts into a single monthly payment. First, identify all the debts that you are interested in consolidating. Then apply for the total sum, or more, if you would like to have some left over for another purpose, letting us know all the debts you would like to consolidate into your loan.

Once you are approved, the Personal Loan funds can be used to pay off your higher interest debts and consolidate into one loan with a single monthly payment, often at a lower rate than your multiple debts.

The interest rate is the cost to borrow money from your line of credit. The APR (annual percentage rate) adds in some of the upfront costs of getting the line of credit in addition to the interest, including any lender fees. Santander does not have any upfront fees so the APR and the interest rate are the same.