Overview & Eligibility
What is Real Wallet Capital?
Real Wallet Capital is a streamlined lending solution tailored specifically for real estate agents at The Real Brokerage. It provides fast access to capital for business growth without requiring a personal credit check.
Who is eligible and how do I apply?
Eligibility is based on your business history and financial performance with The Real Brokerage. You can check your eligibility and apply directly under the Wallet tab in reZEN. Once pre-approved, select your desired loan amount (minimum $1,000 CAD), choose your Canadian bank account on file for disbursement, review your terms, and sign the agreement.
How are loan minimums determined?
Real Wallet Capital features a single nationwide minimum loan amount of $1,000 CAD across Canada. Maximum borrowing limits are calculated dynamically based on your eligibility and business performance.
Are there specific account requirements?
You must have an active Canadian bank account on file in reZEN to receive funds and be in good standing with The Real Brokerage without active commission advances or unresolved brokerage debt.
Rates, Fees & Funding
What are the interest rates and origination fees?
Real Wallet Capital in Canada features clear, transparent pricing:
- Interest Rate: 12% standard annual interest rate (a 10% rate applies if the loan pays off an existing Canada Line of Credit balance).
- Origination Fee: 1.5% standard fee (a 0% fee applies if the loan pays off an existing Canada Line of Credit balance).
- Minimum Loan Amount: $1,000 CAD nationwide.
Is a credit check required, and how can I use the funds?
No personal credit check is required. Capital loans are strictly for business purposes such as marketing campaigns, lead generation, hiring admin support, or managing cash flow between commission closings. Funds cannot be used for personal, consumer, or household expenses.
Where and how quickly are funds deposited?
Once approved (typically within 1–2 business days), funds are deposited directly into your selected Canadian bank account on file in reZEN. Transfers typically arrive in 1 to 3 business days following final approval.
How do I access and spend the funds?
Funds are deposited directly into your Canadian bank account via electronic transfer, allowing you to access and spend them immediately using your primary banking institution.
Repayments & Refinancing
How do repayments work?
Repayment occurs through two complementary mechanisms:
- Monthly Minimum Payment (MMP): Due on the 10th of each month (2% of ending balance or $50 CAD, whichever is greater) and must be paid manually via Interac e-Transfer straight from your preferred Canadian bank account to canadacapital@therealbrokerage.com.
- Automatic Repayments: Automatically deducts 25% from net commission payouts and 15% from Revenue Share earnings directly toward your principal balance.
For step-by-step instructions, see Repaying your RWC - Canada Loan.
Note: Automatic repayments work to your advantage by continuously reducing your balance and helping you pay off your loan faster. However, automatic withholdings do not replace or satisfy your required Monthly Minimum Payment.
Can I refinance or take out additional funds later?
Yes. If additional borrowing power becomes available, you can initiate a loan application again and refinance your loan at any time in reZEN by clicking Apply to Borrow More. When refinancing a standard loan, you receive a partial credit on your original origination fee (1/12 of that fee is credited back for each remaining month on your current term).
For a full walkthrough on the application and refinancing process, see How to Easily Borrow Money from RWC - Canada.
Note: If your initial loan was a 0% origination fee Canada Line of Credit payoff loan, no fee credit is returned upon refinancing.
Can I use Commission Advances simultaneously?
No. You cannot have active Commission Advances and a Real Wallet Capital loan at the same time. We currently limit the concurrent use of both products to better manage total repayment risk across all commission-based funding.
What happens to my loan if I leave The Real Brokerage?
Leaving the brokerage constitutes an Event of Default and accelerates your loan balance due date, making your total outstanding loan balance immediately due. Any remaining balance must be paid manually via Interac e-Transfer. For details, see Departing Real Brokerage with an Outstanding Real Wallet Capital - Canada Loan Balance.
Legal Disclosures
Terms and conditions apply. Real Wallet Capital is a business loan product offered by Real Broker Lending Canada LTD. Loans are for business purposes only and may not be used for consumer or household purposes. Pre-approval is not a guaranteed offer of credit and is reassessed periodically and in real-time based on your business history and account status with The Real Brokerage. Eligibility is subject to the absence of outstanding commission advances or brokerage debts at the time of your request. Final approval is subject to eligibility verification, including review of outstanding advances, brokerage status and debts, account status, and ability to repay. Funds typically arrive within 1 to 3 business days following final approval; transit times are dependent on external financial institutions and are not guaranteed. See important information here: onereal.link/wallet-terms.