Student Line Of Credit Bmo Interest Rate

The discounted rate is subject to change at any time without notice.

Student line of credit bmo interest rate.

If you don t update your status regular plan fees will apply starting january. Get affordable flexible financing for school with a student line of credit from bmo. The resulting aprs range from 7 64 to 23 92. The interest rate discount on the student royal credit line is up to 0 25 of the current prime rate.

To enjoy free 1 banking for the length of your school program 3 just pop into your closest branch before the december 24 4 deadline and update your student status. Interest only payments while in school interest only monthly payments while in school and for 24 months after you leave school. For information on the scotiabank prime rate check current rates. Scotiabank prime is the prime lending rate of the bank of nova scotia as published from time to time.

But the difference is that you ll have to start paying interest as soon as you borrow money from a student line of credit. Subject to change and to credit approval. Manageable repayment once you leave school your line of credit will be converted to a student loan with comfortable fixed payments. Apply once and be covered for up to four years.

A bmo student line of credit gives you affordable school financing. Competitive interest rates based on your program enjoy competitive variable interest rate based on td prime rate. Rates may be offered to qualified customers for a period from 12 72 months with interest rates ranging from 7 24 to 14 49 depending on individual credit qualifications loan amount loan term and other criteria and requires auto pay from an eligible bmo harris checking account listed above. Find the one for your program including undergrad professional studies and medical dental school.

The interest rates on student lines of credit may be lower than the rates offered on government student loans. Two student royal credit line cheques may be written during each monthly cycle without charge. Mortgages rates rrsp rrifs resps tsfa rates at bmo. With a government student loan you ll only start paying interest once you finish your program or leave school.

You can save some serious cash more than 130 a year on plan fees 2.