Student Line Of Credit Interest Rate

Interest only payments while in school interest only monthly payments while in school and for 24 months after you leave school.

Student line of credit interest rate.

Get affordable flexible financing for school with a student line of credit from bmo. Two student royal credit line cheques may be written during each monthly cycle without charge. Student lines of credit interest rates and repayment. The interest rate you pay on a scotialine personal line of credit for students will vary with scotiabank prime.

The discounted rate is subject to change at any time without notice. The interest rate discount on the student royal credit line is up to 0 25 of the current prime rate. Take advantage of this open end variable rate loan with terms up to 120 months and amounts up to 40 000. Apply once and be covered for up to four years.

The interest rate for a line of credit is also based on the prime rate but sometimes they can be as low as prime 0 25. A bmo student line of credit gives you affordable school financing. Student line of credit the royal credit line for students is an easy cost effective and flexible way to borrow money for tuition books and more. Education line of credit.

Not only can a line of credit make higher education more affordable but it can also help you build your credit rating. Competitive interest rates based on your program enjoy competitive variable interest rate based on td prime rate. Scotiabank prime is the prime lending rate of the bank of nova scotia as published from time to time. While attending a secondary or private school college or trade school an education line of credit helps you manage common expenses such as tuition books and room and board.

Find the one for your program including undergrad professional studies and medical dental school. With an interest rate lower than most credit cards and the ability to structure a repayment plan to fit your budget a student line of credit is a good option for students on a tight budget. Focus on your studies not your bills.